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1313 Center St, Bowling Green, KY 1234 Kentucky St, Bowling Green, KY 1235 Kentucky St, Bowling Green, KY 1306 Center St, Bowling Green, KY
Midtown WKU
Asset ClassStudent Housing, Multifamily
overview of deal

Overview

Midtown at WKU is the premier student housing community serving Western Kentucky University in Bowling Green, Kentucky. The property sits on a total of 6.62 acres with 7,413 SF of retail alongside its student housing component. The asset was completed in two phases, with phase one being completed in 2015 and phase two in 2017. Midtown WKU offers 189 units and 534 beds and is comprised of one-, two-, three- and four-bedroom configurations. Community amenities are unmatched in the Bowling Green market with a resort-style rooftop pool, rooftop fitness center, clubhouse, electronic lock and key, study center, and grilling stations.

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Investment Highlights

# Units
189
# Beds
534
Parking Spaces
400 Spaces
Year Built
2015
Year Renovated
2017
Land
6.62 Acres
AVG SF
1,193
AVG In Place Rent
$713 / SF
Occupancy
99.81%
Retail SF
7,413
  • Projected Rent Growth
  • 100% Leased Retail
  • Additional Parking Revenue
  • Healthy Market Fundamentals
  • Prime Location
  • 3.1% YoY Positive Enrollment Growth at WKU
  • 78.4% Student Retention Rate (Up 6.7% over Past Five Years)
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1313 Center StBowling Green, KY 42101
Western Kentucky University

Sales Team

Nicholas CoccodrilliSenior Investment Analysis Director | Florida Sales Associate(813) 605-4460nicholas.coccodrilli@colliers.com
Grant KollmanSenior Vice President(816) 556 1156grant.kollman@colliers.com
Charlie LaBarrVice President(816) 556 1132charlie.labarr@colliers.com
Tyler HagueExecutive Vice President(312) 612 5936tyler.hague@colliers.com
Will MathewsVice Chair, Principal(404) 877 9285will.mathews@colliers.com
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Listing provided by Revere CRE