Living / Multi-housing

848 Mitchell - UTA

848 W Mitchell St Arlington, Texas United States 76013-2594
Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
NIY N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 2018
Building Area Net
Rentable Area
Number of units 298
Occupancy 95.0 %

Asset Description

848 Mitchell is a 298 unit / 687 bed core asset at the University of Texas at Arlington (“UTA”). The Property is 95% occupied and 99.5% pre-leased for Fall 2022 and has achieved over 5% rent growth year-over-year. Investors are offered the opportunity to invest in a core asset that provides consistent cash flow that is walkable to a premier research university in the thriving state of Texas.

Investment Highlights

  • Institutional asset adjacent to campus with market leading amenities and community features
  • 848 Mitchell is 95% occupied and 99.5% pre-leased for the 2022 Academic Year (5% rent growth year-over-year)
  • Outstanding UTA student housing market with less than 9,000 on and off-campus student housing beds and over 43,000 students
  • Significant rent growth opportunity by closing the $42 delta between the comp set and 848 Mitchell, yielding an additional $320,000 in annual revenue
Last Updated Date: 30 Jun 2022

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Last Updated Date: 30 Jun 2022

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