Listed by Triad Real Estate Partners
Unpriced
NoCa Lofts
Details
APN 010-135-000-002-02, 010-135-000-004-02
Property Type Multifamily
Sub Type Apartment Building, Student Housing
Square Footage 113,096
Units 154
Occupancy 90%
Year Built 2019
Buildings 2
Stories 3
Acreage 6.770
Newer Construction Built in 2019 – Hybrid Multi-Family/Student Housing Property
Marketing description
Newer Construction Built in 2019 – Hybrid Multi-Family/Student Housing Property
3 Miles from Campus – Approximately 3,500 Beds of Student Housing and 36,000 SF of Retail in Immediate Proximity
Michigan State University – 51,838 Fall 2025 Enrollment
Market Sellers – Loan Maturing in Early 2026
92% Occupancy – Opportunity for More Consistency through Market Rate Mult-Family
Assumable PACE Financing
Investment highlights
- Stabilized mixed-use student housing asset located just north of Michigan State's campus
- Retail 88% Leased Through 2028
- Unit Mix consisting of 141 one bedroom units and 13 two bedroom units
- 90+% Occupied August 2025
- Enrollment over 52,000, with more than 39,000 undergraduates
- Ranks among the largest universities in the nation with enrollment up 1.5% in 2024
- 95% Occupied Competitive Set
- Power 4 School in Big Ten Conference
- Potential Multi-Family Conversion - All 1 & 2 Bedroom Apartments
- Assumable PACE Financing
- Phase II Development Opportunity
Listing Contacts
Listed by Triad Real Estate Partners
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$995,924.00
$82,993.67/mo
Valuation Metrics
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