Topaz Apartments_Immobilie zu verkaufen
Topaz Apartments_Immobilie zu verkaufen

Topaz Apartments

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

Beschreibung

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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Eigenschaften

Anzahl der Einheiten
53
Beete
169
Baujahr
2023
Gebäudefläche netto
6.027 m²

Medien

Investment-Highlights

  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_Immobilie zu verkaufen
Topaz Apartments 4_Immobilie zu verkaufen

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Zuletzt aktualisiert
4. Sept. 2025