Multi-housing / PRS

Aspen Heights Corpus Christi

1938 Ennis Joslin Rd Corpus Christi, Texas Estados Unidos 78412-4305
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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Key Facts

Year Built 2014
Building Area

Property Description

JLL has been exclusively retained to offer qualified investors the opportunity to purchase fee simple interest in Aspen Heights Corpus Christi, a 2014/2015-construction, luxury student housing community with 255 units and 836 beds across two phases. The 464,310 square feet property is located just off Padre Island Drive (Hwy 358) at the intersection of Ennis Joslin Road. Residents benefit from immediate access to Downtown, Padre Island and other key business centers and destinations throughout the Corpus Christi area.

Additionally, Aspen Heights Corpus Christi is less than 10 minutes from the Texas A&M - Corpus Christi campus (TAMUCC) and offers students with convenient access to campus via Ennis Joslin Road. The property offers residents a resort-style amenity package along with a diverse mix of two, three, four and five-bedroom cottage-style units featuring high-end furnishings and finishes. With an average occupancy approaching 77% and limited on-campus beds available, Aspen Heights Corpus Christi presents investors the unique opportunity to acquire a recently-constructed, purpose-built, off-campus product in high demand in a rapidly growing university environment.

Investment Highlights

  • Fee simple interest
  • Premier 2014/15 Construction
  • Premier location less than 10 minutes from campus
  • Value-add opportunity to improve property-level economics
Last Updated Date: 18 Sep 2020
Ryan McBride
Ryan McBride
Director, Capital Markets
License details
TX-615957
Teddy Leatherman
Teddy Leatherman
Director, Capital Markets
License details
TX-645273

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Last Updated Date: 18 Sep 2020

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