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34392407
34392403

440 South Grant Street, West Lafayette, IN 47906 For Sale

NG
IN RB14036887
KW Commercial Lafayette, IN
Listed by KW Commercial Lafayette, IN
$13,950,000
3 days on market
Updated 3 days ago

Benchmark II

Details
APN 790719480006000026
Property Type Multifamily
Sub Type Student Housing
Square Footage 55,368
Units 36
Beds 144
Cap Rate 6.13%
Tenancy Single
Rent Bumps Yes
Year Built 1986
Buildings 4
Acreage 1.100
Zoning R3W
Parking Spaces 68 spaces
Parking per 1,000 SqFt 1.23
Investment Type Institutional

Student Housing Investment Opportunity near Purdue Univesity

Marketing description

The Marquis Group with KW Commercial Lafayette is pleased to present this prime student housing opportunity master leased to Purdue University. Benchmark II Apartments are located on the southeast side of Purdue's West Lafayette campus, about one block away from the College of Veterinary Medicine and approximately four blocks from the Purdue Memorial Union as well as Mitch Daniels School of Business and Rawls Hall. Chauncey Hill Mall is also a short walk (restaurants, Target and other shopping locations).

This building is master leased to Purdue University through the 2027-28 School year with 5% annual increases each August.

Benchmark II offers 144 Beds: (34) 4BR/1.5BA; (2) 4BR/2BA)with either a balcony or patio.

440 S Grant St, West Lafayette, IN 47906

447 S Chauncey Avenue, West Lafayette, IN 47906

Can also be assembled with:

Benchmark III offers 38 Beds: (9) 4BR/2.5BA and (1) 2BR/1.5BA townhome style living

421-439 S Chauncey Avenue, West Lafayette, IN 47906

Investment highlights

Key Features:

Prime Location: Situated near Purdue University, making it ideal for students.

Walkable: Very walkable, allowing easy access to campus and surrounding amenities.

Close to Amenities - Near campus, dining options, and sporting events.

Off-Street Parking

On-site laundry facilities

Listing Contacts

NG
IN RB14036887
KW Commercial Lafayette, IN
Listed by KW Commercial Lafayette, IN

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