FRIDAY, NOVEMBER 28, 2008

Marcus & Millichap lists Western Michigan Univ. student housing community

by Drew Smith
Kalamazoo

Hidden Hills, a 122-unit student housing community near the campus of Western Michigan University in Kalamazoo, is being offered for sale by McKinley, Inc., for $10.5 million.

Edward Lippincott of Marcus & Millichap's Detroit office is representing McKinley, a third-party receiver responsible for the sale of the property.

Hidden Hills is located one mile from the WMU campus at 4346 Hidden Hills Dr. It contains 424 beds and is being offered for $24,764 per bed or $86,066 per unit. It is comprised of seven three-story buildings on 10.1 acres and contains 160,384 square feet. Built in 2002, it has a unit mix of two-, three- and four-bedroom units.

Address: 4346 Hidden Hills Dr., Kalamazoo, Mich.

Size: 122 units

Built: 2002

Historic apartments available for lease in downtown Detroit Luxury apartments coming to Duluth, Minn. Suburban Cincinnati apartments bring $6.25M Knute Nelson development given financing Pedcor sells suburban Indianapolis apartments EnV continues apartment streak on Kinzie Street Marcus & Millichap brokers sale M&R Development breaks ground on Parc Huron CAG Development approved for new Minneapolis housing project Gross & Cohen complete $13 million student housing deal