Absolute NNN Student Housing
For Sale
Contact for pricing
647 West Pensacola, Tallahassee, FL 32304
Portfolio of six single-tenant fraternity student housing properties on absolute NNN leases with 2% annual rent escalations.
Property Size65,361 SF
Days on Market123
Property Features for 647 West Pensacola
General Information
Standard status
Active
Size
65,361 SF
Property subtype
Multifamily
Building Details
Tenancy
Multi
Listing Agency:
CBRE - Atlanta
(404) 504-7893
Listed By:
Chris Bosworth · License #GA 248342
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 20 at 8:30PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE - Atlanta
Investment Insights
Based on property information with market context.
This offering is a portfolio of six single-tenant Alpha Omicron Pi fraternity student housing properties leased on an absolute NNN basis to AOΠ Fraternity, Inc. The properties are marketed as a consolidated investment, totaling 65,361 SF, with an average remaining lease term of 14.6 years. Leases include 2.00% annual rent escalations.
The portfolio features an initial net operating income of $1,808,870 and is located across six states. The CBRE Net Lease Property Group has been exclusively retained to market the package for sale.
The portfolio features an initial net operating income of $1,808,870 and is located across six states. The CBRE Net Lease Property Group has been exclusively retained to market the package for sale.
Key Highlights
- Portfolio of 6 single‑tenant fraternity student housing properties on absolute NNN leases to AO Fraternity, Inc.
- Total size of 65,361 SF across the six properties.
- Average lease term remaining of 14.6 years.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,454
Businesses Nearby
Explore this area
Business Placement
Demographics for 32304, FL
50,007
Population
23,296
Households
2.1
Avg Household Size
25
Median Age
36%
College-Educated
89%
High-School Grad
15.2 sq mi
ZIP Area
3,290
Density / Sq Mi
$30,823
Median Household Income
$14,475
Median Earnings
$1,132
Median Rent
$147,000
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Portfolio of six single-tenant fraternity student housing properties on absolute NNN leases with 2% annual rent escalations.
Where is this nnn property located?
The property is located at 647 West Pensacola Tallahassee, FL.
What are key features of this property?
This property features: Portfolio of 6 single‑tenant fraternity student housing properties on absolute NNN leases to AO Fraternity, Inc.; Total size of 65,361 SF across the six properties.; Average lease term remaining of 14.6 years.
