Marcus & Millichap Arranges $13.3M Sale of Student Housing Property in Champaign, Illinois

Marcus & Millichap Arranges $13.3M Sale of University Commons Student Housing Property in Rural Illinois

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of University Commons, a 100-unit student housing and retail property in Champaign, Illinois, for $13.3 million. “University Commons generated nearly a dozen offers from both local and national buyers, highlighting continued investor demand […] The post Marcus & Millichap Arranges $13…

Marcus & Millichap Arranges $13.3M Sale of Student Housing Property in Champaign, Illinois

CHAMPAIGN, ILL. — Marcus & Millichap has arranged the $13.3 million sale of University Commons, a 100-unit student housing property in Champaign. Located at 209 E. University Ave., the building comprises 95 fully furnished units in a variety of floor plans along with five ground-floor retail spaces. Built in 2018, the 68,309-square-foot property spans 2.7 acres and features amenities such as a gym, recreation center and study room. The asset is …