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Student housing complex near Cal Poly sells for $6.4M

The Class A property has seven units and 26 beds, and is a half-mile from the campus


San Luis Obispo, CA. (August 2, 2018) – Colliers International’s National Student Housing Group has helped sell the Icon SLO student housing complex near California Polytechnic State University (Cal Poly). The Class A complex, which has seven units and 26 beds, is located within walking distance to the campus.

Dorothy Jackman, Executive Managing Director, and Jamie Swick, Senior Associate, of Colliers’ National Student Housing Group, worked with Pat Swanson and Brett Bayless of Colliers Los Angeles to represent the seller.

""Icon SLO is a high-quality and modern Class A student housing property that closed very quickly from the time we put it to market,"" said Colliers’ Jackman. ""It perfectly fit the investment needs of the buyer.""

The two-story complex was built in 2016 and has 7 units – six four-bedroom units and one two-bedroom unit. Each apartment is furnished with modern furniture, and also has stainless steel appliances with a 50"" flat screen TV, and free cable and internet.

The building also has ground floor retail, with such tenants as Soul Yoga and Tiki Hut, a Caribbean restaurant.

Icon SLO is located at 1340 Taft St. in San Luis Obispo, California.

About Colliers International Group Inc.

Colliers International Group Inc. (NASDAQ: CIGI) (TSX: CIGI) is top tier global real estate services and investment management company operating in 69 countries with a workforce of more than 13,000 professionals. Colliers is the fastest-growing publicly listed global real estate services and investment management company, with 2017 corporate revenues of $2.3 billion ($2.7 billion including affiliates). With an enterprising culture and significant employee ownership and control, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide, and through its investment management services platform, has more than $20 billion of assets under management from the world’s most respected institutional real estate investors.

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