106 Farmers Market Road
- Institutional-quality student housing portfolio
- High-quality unit finishes
- Turnkey, purpose-built assets
- Experiential living driving competitive advantage
Property Description
Lee & Associates is pleased to present exclusively for sale for the purpose-built student housing assets University Orchard and The Gathering at Salisbury located at 106 Farmers Market Road and 1412 South Division Street, respectively (the “Properties”). Servicing Salisbury University in Maryland, the Properties feature 848 beds across 254 units providing fully furnished rooms to students as well as an array of best-in-class hospitality-level amenities. Both assets have recently benefitted from over $3.4 million worth of renovations to common areas, amenities, and select units since 2024. The Properties represent the opportunity to acquire the two closest purpose-built student housing assets to campus in a supply-constrained and high barrier to entry market. Salisbury University’s enrollment growth goals and capital improvement program are currently underway and are planned to continue for the foreseeable future.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| No. of Units: | 254 |
| Opportunity Zone: | No |
| Property Website | Click Here |
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Cap Rate Calculation
Step 4Final Deal Analysis
Similar Properties in the Area
98 Edgwood Street Bldg. E
Wheeling, West Virginia
Brokers
View All-
Remax Professionals
Re/Max Real Estate Professionals | New York
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout