The Edge _Property for Sale
The Edge _Property for Sale
10300 University Parkway, Pensacola, FL, 32514, US

The Edge

Asset Description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to present The Edge (or the “Property”), an 84-unit, 344-bed student housing community adjacent to University of West Florida (the “University” or “UWF”) in Pensacola, FL. The Property offers a variety of spacious floorplans ranging from 3- to 5-bedrooms, all offering 100% bed-bath parity.


The Edge serves the University of West Florida in Pensacola, FL, which has experienced six consecutive years of enrollment growth, even through the pandemic. Preliminary 2024 Academic Year (“AY”) data states that UWF welcomed another record-breaking class of 14,712 students. This has resulted in strong student housing dynamics, proven by over 7% market rent growth for the 2024 - 2025 AY. Natural barriers to entry in the market and an empty development pipeline can give current and future owners confidence in the market's continued performance.


Built in 2017, The Edge is one of the newest vintage assets and best-located asset in the market, directly adjacent to campus. The Edge is 97% occupied for the 2024-2025 Academic Year, 5% ahead of the market. The Property offers a complete amenity package with a 24-hour fitness center, yoga room, resort-style pool, and coffee bistro.


Investors have the chance to acquire a premier asset next to a growing university. The Property’s modern construction and high-end finishes ensure a runway for future rent growth with minimal capital requirements.

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Attributes

Year built
2017
Number of units
84
Beds
344
Call for offers
06/12/2024

Media

Investment Highlights

BEST-IN-CLASS 97% OCCUPIED ASSET

Constructed in 2017, The Edge is one of the market’s newest purpose-built assets. It features high-end finishes and a full suite of amenities, with a prime location directly adjacent to campus.


OVER 7% MARKET RENT GROWTH

The UWF student housing market achieved the highest rent growth out of all Florida directional schools, with 7% rent growth for the 2024-2025 Academic Year.


STUDENT-CENTRIC AMENITIES

The Edge is an attractive housing option for students with a strong list of amenities offered to residents. The Property offers a 24-hour fitness center, resort-style pool, complimentary coffee bistro and more.

The Edge  4_Property for Sale
The Edge  4_Property for Sale

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Last updated
4 Nov 2024