Multi-Housing

Cal State Sacramento Land Site

6779 Q St Sacramento, Illinois United States 95819-4627
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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Attributes

Year Built 2022
Building Area
Number of units 151

Property Description

JLL Capital Markets (JLL) is excited to present an exclusive residential re-development at the doorstep of California State University, Sacramento (Sac State).

Following approval of designs in 2018, the parcel has been approved for a 6-story, 125-unit residential development with ground-floor retail. A decade-long enrollment boom, bolstered by outsized Greater Sacramento population growth, has created an unmet demand for top-end residential product, as evidenced by market occupancy averaging 97% with nearly 8% average annual rent growth since 2014.

Investment Highlights

  • Shovel-ready site with high-density proposal already approved
  • Decade of performance underscores sac state supply & demand imbalance
  • Becoming a traditional, 'live-at' university
  • Expanding Sacramento multi-family market


Last Updated Date: 15 Sep 2020
Stewart Hayes
Stewart Hayes
Director, Capital Markets
License details
IL-475.175313
Teddy Leatherman
Teddy Leatherman
Director, Capital Markets
License details
TX-645273

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+84869421324
Last Updated Date: 15 Sep 2020

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