Marcus & Millichap Arranges $24.6M Sale of Student Housing near Colorado State University

by Katie Sloan

Fort Collins, Colo. — Marcus & Millichap has arranged the $24.6 million sale of Lokal CSU, a 194-bed student housing property located one block away from the Colorado State University (CSU) campus in Fort Collins.

Robert Kaplan of M&M represented the seller, Scott’s Plaza LLC, and procured the buyer in the transaction. The property is located in CSU’s west campus area at 1201 West Plum St., near the site of the university’s new football stadium and one block away from the Fort Collins Elizabeth Street entertainment area.

Community amenities at the property — fully leased for the current school year — include outdoor hot tubs, an indoor/outdoor bar and grill lounge, Zipcars, reserved covered parking, bike parking, security cameras and restricted building access with 24/7 emergency maintenance services. Units include bed-to-bath parity, full-size washers and dryers, 55-inch televisions and free satellite television service. 

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