No. of Beds
No. of Units
No. of Beds
No. of Units
Proximity to Campus
In-Unit Washer/Dryer / Fully Furnished
Newest, Closest and Largest Purpose-Built Student Housing in Oshkosh
Ideal Unit Mix with 100% Bed/Bath Parity
Immediately adjacent to UW Oshkosh (15,000 students)
Attractive, Modern Design with Market Leading Amenity Package
Strong Historic Occupancy with Immediate Rent Growth Embedded in Rent Roll
Interest-Bearing TIF in place
Pricing Will Be Significantly Below Replacement Cost
Berkadia is pleased to present Annex of Oshkosh, an opportunity to acquire a newer-construction, well located, student apartment community totaling 140 units with 310 beds. Built in 2018 and located along the Fox River in Oshkosh, Wisconsin, the property is nearly 100% leased and ¼ mile from University of Wisconsin Oshkosh (15,000 students and 1,700 staff) and Fox Valley Tech – Oshkosh Campus (5,000 students) offering excellent walkability to campus. In fact, Annex is the largest, newest, and nicest purpose built student housing in Oshkosh.
Built in 2018, Annex of Oshkosh caters to the discerning student renter, offering fully furnished units with in-unit washer/dry, individually locking bedrooms, and full bed/bath parity for ultimate convenience and desirability. The property also boasts a best-in-market amenity package.
While Annex of Oshkosh is being offered without a formal asking price, it is expected to trade at well-below today’s estimated replacement cost. To replicate this product today would likely be in the range of $250,000 per unit.
While Annex of Oshkosh is being offered on a free and clear basis, it does include a long-term TIF, as well an assumable PACE loan. This will allow a buyer to take potentially maximize yields on their investment. Details on the TIF and PACE Loan can be found below and in the document center. The Berkadia debt team has also underwritten the property and would be happy to discuss some options for the acquisition.
Built in the 2018, The Annex of Oshkosh was built with the discriminating renter in mind and offers spacious, attractive, and fully furnished units with full kitchens with microwaves, large, bright windows, well-appointed baths, in-unit washer dryers and great bed/bath ratios. In addition to the attractive units, the property offers an excellent amenity package including:
Annex of Oshkosh is in the south-central portion of Oshkosh and just south of the University of Wisconsin – Oshkosh. Located only a mile off I-94, along Marion Road, the setting offers residents an easy walk to both the UW Campus and Fox Valley Technical College, one of the largest in the State. In addition, the property is also directly across the street from the Fox River and nearby Lake Winnebago. Residents are also within easy walking distance to shopping, restaurants, and numerous activities.
The property is only a few blocks from downtown Oshkosh. Set along the historic Fox River, the downtown area has been undergoing a renaissance in the last couple of decades with new office buildings, apartments, hotels and the renovation of historic buildings and shops. The area offers a unique shopping, business and entertainment district and is home to more than 100 shops, galleries, restaurants, night spots, museums, and cultural destinations.
A tremendous opportunity for the new owner of Annex is a program under the University of Wisconsin System. First announced in February 2018, Bucky’s Tuition Promise is a commitment to Wisconsin resident students. The program guarantees scholarships and grants to pay for tuition & fees for students whose household adjusted gross income (AGI) is $60,000 or less. Incoming freshmen will receive eight (8) consecutive semesters (4 years) of free tuition & fees and transfer students will receive four (4) semesters (2 years). This creates a tremendous advantage for all the schools in the University of Wisconsin System including UWO both now and going forward!
833 East Michigan Avenue
Milwaukee, WI 53202
125 South Wacker Drive
Chicago, IL 60606
28411 Northwestern Hwy, Ste 300
Southfield, MI 48034
Senior Managing Director
Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage loan brokerage business in Nevada.
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