Longhorn Landing
1515 Wickersham, Austin, TX 78741
$43,000,000
522
515,892 SF
$82,375.48
Multifamily
Garden/Low-Rise
Investment
90%
3
1996
36.96 AC
-
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Last Verified 2/5/2010
Listing ID 15442990
Highlights
Student Property - Luxury- Located on University of Texas Shuttle Line
- Timeless Traditional Architecture and Quality Features
- Exceptional Amenities and Beautiful Landscaping
- Strong Student Multi-Housing Submarket
Description
LUXURY UNIVERSITY OF TEXAS STUDENT HOUSING COMMUNITY. Developed in two phases in 1996 and 1997, Longhorn Landing is one of the premier student housing communities catering to the University of Texas with a total enrollment of over 50,000 students. The community is leased on a by-the-bed basis with full parental guarantees, and approximately 90% of the leases are for the twelve month 2008-2009 school year.
TIMELESS TRADITIONAL ARCHITECTURE AND QUALITY FEATURES. With traditional exteriors crafted from Hardi-plank siding and brick accents, Longhorn Landing will withstand the test of time and remain one of the most competitive student living options in the market.
LOCATED ON THE UNIVERSITY OF TEXAS SHUTTLE LINE. Longhorn Landing has two shuttle bus stops at its curb sides and the commute to the University is usually within ten minutes. The community is equally close to Austin' s dynamic downtown entertainment and cultural district which is a major attraction of University life.
STRONG STUDENT MULTI-HOUSING SUBMARKET. The competitive submarket for Longhorn Landing is currently +/-90% occupied for the 2008-2009 school year.
Map of 1515 Wickersham, Austin, TX 78741 (Travis County)
Brokerage Firm
CB Richard Ellis
Created 11/16/2007
The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.