283
CHAMPAIGN, ILL. — Marcus & Millichap has brokered the $29.2 million sale of a 400-bed student housing community in Champaign. The property is located at 512 S. Third St., just west of the University of Illinois at Urbana-Champaign. The four-story building features 140 units, in-unit washers and dryers and balconies. Built in 2001, the property includes three shared courtyards and underground parking for 246 vehicles. The community is currently 95 percent preleased for the 2018-2019 school year. Scott Harris and Bryan Kunze of Marcus & Millichap represented the seller, a local private developer. The team also procured the buyer, a Denver-based limited liability company.