1831 W. Northpark Boulevard, San Bernardino, CA 92407

The Opportunity

ASSET HIGHLIGHTS

  • Best-in-class community immediately adjacent to Cal State San Bernardino
  • Resort-style pool with grills and cabanas, full service fitness center, and best amenity offering in the market
  • Oversized units with condo quality finishes, large bedrooms, individual bathrooms, and laundry in each unit
  • Only purpose-built student housing community in the market
  • Rent at The Glen costs less than living in inferior on-campus housing

MARKET HIGHLIGHTS

  • Cal State San Bernardino has seen 18.61% enrollment growth since 2011 – 20,461 for Fall 2017
  • There is no on-campus living requirement and only 1,839 beds on-campus for students
  • University’s Master Plan calls for 5% annual enrollment growth of non-resident students
  • $55M Center for Global Innovation building to deliver in Fall 2019 to accommodate enrollment growth

ADDITIONAL UPSIDE

  • Numerous areas to enhance operations that result in immediate revenue increases
  • Additional capacity to provide affordable housing through double occupancy offering

The Property

The Glen at University Park is a contemporary 104-unit, 615-bed student housing apartment community located in San Bernardino, California, across the street from the California State University San Bernardino (CSUSB) campus. This cutting-edge property was built in 2015 and contains 22, three-story apartment buildings and one free-standing leasing/recreation building with stucco and HardiePlank siding exteriors and flat roofs with pitched mansards. Totaling 279,350 rentable square feet, the property is situated on 10.16 acres of land with a density of 10.23 units per acre. Professionally maintained lawns, trees, and foliage enhance the visual appeal of the exterior of the apartment complex.

The Glen at University Park is comprised of seven, five-bedroom / five-bathroom plans that range from 2,495 to 3,375 square feet, with an average unit size of 2,686 square feet and a total of 615 beds.

property amenities

UNIT Amenities

  • In-Unit Washer / Dryer
  • Full Appliances
  • Onyx Countertops
  • Hardwood-Style Flooring
  • Front Door Entry with Key Fob
  • Patios / Balconies
  • Spacious Walk-In Closets
  • Fully Furnished
  • Large, Private Bedrooms with Bathroom Suites
  • Individual Keyed Bedrooms
  • Ceiling Fans 
  • Premium Cable TV Package
  • High-Speed Wi-Fi Internet
  • Personal Garage

COMMUNITY Amenities

  • Open Recreational Lawn
  • Outdoor Kitchen
  • Grilling Stations
  • Resort-Style Pool
  • Sun Deck and Cabanas
  • Study Rooms
  • Clubhouse
  • Multi-Purpose Fitness Facilities
  • Yoga / Stretching Area
  • Game Room
  • Business Center
  • On-Site Retail

market area

CONTACT US

Investment Advisors

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