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12401 N 22nd St, Tampa, FL 12700 N 22nd St, Tampa, FL
Unisen Tampa
Asset ClassStudent Housing, Multifamily, Senior Housing
# Beds695
# Units: 491Land: 32 Acres# Sites: 2Access Data Room
Rare Student Housing Conversion Opportunity at the University of South Florida
overview of deal

Overview

Unisen Tampa presents a rare opportunity to acquire a Class A community well below replacement cost and convert it into a student housing asset offering the largest amenity deck and unit sizes in the University of South Florida market. The community comprises a mid-rise complex and villas/duplexes with garages. Recently undergoing a $25,000,000 renovation, Unisen boasts a top-quality physical plant, common area spaces, and upgraded units. It is perfectly situated on the west side of the USF campus and pedestrian to the Rithm at Uptown, a 100-acre mixed-use innovation village.

 

Additional opportunity exists in seven vacant lots approved for future development with in-place electricity and water. These lots allow Unisen Tampa to diversify its unit mix by offering a new unit type of townhome product and a new floor plan of four-bedroom, four-bathroom units.

 

Property Video:

 

 

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Investment Highlights

  • Permit-ready development opportunities
  • Largest units, common areas, and amenity spaces in the market
  • Healthy market fundamentals
  • Potential for the newest purpose-built student housing community at USF
  • Record-breaking growth at USF
  • 11% increase YoY market rent growth
  • Dynamic building design
  • Fasting-rising university in the country
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12401 N 22nd StTampa, FL 33612
University of South Florida
University Mall Mixed-Use Redevelopment Project
Tampa International Airport
International Plaza
Busch Gardens

Sales Team

Nicholas CoccodrilliSenior Investment Analysis Director | Florida Sales Associate(813) 605-4460nicholas.coccodrilli@colliers.com
Todd NoelNational Director - Education Advisory Group(602) 222-5190todd.noel@colliers.com
Bill ReevesExecutive Vice President - Office Services and Tenant Advisory Council(813) 221 4344bill.reeves@colliers.com
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Listing provided by Revere CRE