14360 W Tierra Buena Ln
Surprise, AZ 85374
Ottawa University-Residence Hall · Multifamily Property For Sale
·
87 Units
Property Facts
| No. Units | 87 | Lot Size | 2.60 AC |
| Property Type | Multifamily | Building Size | 74,000 SF |
| Property Subtype | Dormitory | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built | 2019 |
| Building Class | C | ||
| Zoning | PAD | ||
| No. Units | 87 |
| Property Type | Multifamily |
| Property Subtype | Dormitory |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 2.60 AC |
| Building Size | 74,000 SF |
| No. Stories | 4 |
| Year Built | 2019 |
| Zoning | PAD |
About 14360 W TIERRA BUENA LN , SURPRISE, AZ 85374
OUAZ is currently under construction and will be complete in Fall 2019. It will consist of 86 units and 338 beds in a mixture of one and two-bedroom suite-style, dormitory units. In addition, the transaction includes the 26,742 square foot campus student union building, which will house a student lounge as well as a dining hall. The Ottawa University campus is situated in downtown Surprise, immediately adjacent to the beautiful Civic Center Complex and a 5-minute walk to the City of Surprise Recreation Campus, featuring Surprise Stadium – the Spring Training home for the Texas Rangers and Kansas City Royals – which has been rated as the “Best Place to Watch a Spring Training Game” by the Best of Phoenix magazine and #1 Spring Training stadium in Arizona by USA TODAY. The property is situated on the campus of Ottawa University, a private Christian university that opened its Surprise campus in 2017 with total enrollment of 434 students. Enrollment exploded in 2018, with over a 50% increase on the 2017 enrollment up to 657 students – and it is on track to outpace Fall 2019 enrollment at the university’s original 761-student residential campus in Kansas. The university hopes to grow the Surprise campus to 3,000 students over the next decade.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | 700 |
| 2+1 | 57 | - | 700 |
| 2+1 | 12 | - | 700 |
| 1+1 | 5 | - | 359 |
| 1+1 | 8 | - | 372 |
| 2+2 | 1 | - | 1,026 |
Property Taxes
| Parcel Number | 501-18-567 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $10,330,618 |
Property Taxes
