Station at Martin

Station at Martin

Martin, TN
Available
  • Property Type: Student Housing
  • School Name : University of Tennessee at Martin
  • Year Built : 2000
  • Property Size: 554,496 SF / 16.3 Acres / 96 Units / 384 Beds

Overview

Capstone Apartment Partners is pleased to present the Station at Martin, a 384-bed asset constructed in 2000, servicing the University of Tennessee at Martin. This regional university historically draws most students from west Tennessee, but with new leadership implementing an aggressive recruiting initiative, enrollment has increased 7.2% since 2017. This enrollment trajectory is expected to continue with a planned institutional development pipeline of over $75 million. The Station at Martin has historically drawn students due to the property’s proximity and connectivity to campus, via a 200-foot walking trail, and the large and spacious floorplans. To appeal to even more students and to modernize the property, current ownership has spent over $200,000 in renovating the amenity package, clubhouse, and greenspace and has addressed some small, deferred maintenance. This acquisition opportunity is poised for success with a growing and fundamentally sound market, an unmatched amenity package, and well-timed sale to immediately implement pre-leasing strategies for the 2021–2022 academic year.

Contact Information

Jonathan Hawks Investment Sales Advisor P: 706.372.4177
O: 800.746.3175 ext. 717
j.hawks@capstone-companies.com
Luke Searcy Investment Sales Advisor P: 731.592.9573
O: 800.746.3175 ext. 724
luke@capstone-companies.com
Adam Klenk Managing Director P: 615.861.9906
O: 800.746.3175 ext. 706
adam@capstone-companies.com
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