260 & 262 Mast Road, Durham, NH 03824

260 & 262 Mast Road offers a well-diversified unit mix ranging from studios to four-bedroom apartments, appealing to the broad spectrum of housing preferences within the University of New Hampshire student market. The property features onsite laundry facilities and ample onsite parking, with parking available to tenants for an additional fee.

The asset has a proven track record of exceptional operating performance, consistently maintaining near-100% occupancy, strong pre-leasing activity, and average annual rent growth of approximately 2.4% over the past six years. These strong fundamentals position the property to continue benefiting from the sustained demand for off-campus student housing.

The offering includes both 260 and 262 Mast Road, comprising a total of 42 apartment units and 113 beds. Leases are structured with tenants responsible for their individual electric service, while all other operating expenses are included in the rent. WiFi is also included except for two units. The property is being offered at a 7.8% capitalization rate based on the forecasted NOI, presenting investors with an opportunity to acquire a stabilized, high-performing student housing asset in a proven rental market.