Topaz Apartments_Propriété à vendre
Topaz Apartments_Propriété à vendre

Topaz Apartments

5824 Montezuma Road, San Diego, CA, 92115, US

Descriptif

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to present Topaz (the “Property”), a 2023 vintage, 53 unit, 169 bed student housing community adjacent to San Diego State University (“SDSU” or the “University”). The Property is a best-in-class quality asset located on irreplicable land at the entrance of SDSU’s campus. The Property’s quality has been recognized with multiple design awards - a Pacific Coast Builder’s Conference Gold Nugget Award of Merit, and an Orchid Nomination from the San Diego Architectural Foundation.


Performance at Topaz will be supported by both the Property’s desirability, as well as its size relative to the University’s tenant base. At just 169 beds, Topaz represents 0.4% of SDSU’s enrollment. In addition to 169 beds, Topaz hosts namebrand retail tenants on leases that all last until at least 2033: McDonald’s, Jimmy John’s, Dunkin’ Donuts, Handel’s, and Daboba, providing a stable income base to the Property.


San Diego State University has exhibited excellent growth over the past 5 years. Enrollment has grown by 11%, including 4.9% growth in 2024 alone. On average, over the past 5 years, first-year enrollment has grown by 8% annually, and applicants have grown by 9% annually. With a sub-35% acceptance rate, the University has applicant interest to continue growing. As the University continues to grow, Topaz’s bed count will decrease in relative size, offering a clear path to table occupancy.

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Attributs

Nombre d'unités
53
Lits
169
Année de construction
2023
Superficie du bâtiment nette
6 027 mètres carrés

Média

Points forts de l'investissement

  1. TROPHY QUALITY ADJACENT TO CAMPUS
  2. IRREPLACEABLE LAND
  3. 40,000 ENROLLMENT, 8% 5-YEAR AVG. GROWTH TO FIRSTYEAR ENROLLMENT & APPLICANTS
  4. 0.78% CAPTURE RATIO
  5. DIRECT ACCESS TO SAN DIEGO METRO


Topaz Apartments 4_Propriété à vendre
Topaz Apartments 4_Propriété à vendre

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Dernière mise à jour
4 sept. 2025