Compass Pointe Off-Campus - LoopNet · EXECUTIVE SUMMARY CPOC's primary business objective to develop student housing Compass Pointe Off Campus Apartments (the "Complex") in Merced,

Compass Pointe Off-Campus

OFFERING MEMORANDUM

Compass Pointe

Off Campus, LLC

3779 Horizons

Merced, California

95348

2

2

COMPASS POINTE OFF CAMPUS 96 Unit Apartment Community

Located at SE Corner Compass Point and Pacific Drive

Merced, California 94538

TOTAL PRICE $24,000,000

Dated 8/29/2018

This Memorandum has been prepared solely for informational purposes and is for distribution to a limited number of investors. The Company anticipates that this offering may continue through December 31, 2018 unless the Company, in its sole discretion, sooner terminates or extends the offering. Management shall use the proceeds from this offering as received.

3NRealty Advisors David C. Sowels

1745 Enterprise Drive Fairfield Ca. 94533

Phone: 707-694-0221 Email: [email protected]

11

EXECUTIVE SUMMARY

CPOC's primary business objective to develop student housing Compass Pointe Off Campus Apartments (the "Complex") in Merced, California for persons attending the University of California Merced. Construction of the buildings represents the Phase I activity of a larger multi-phase plan established for the complete development of the Complex with an additional 128 units.

After an estimated twenty-four months of construction, the new apartment Complex will contain approximately 95,000 rentable square feet of apartment space, including 24 one bedroom/one bathroom, 48 two bedroom/two bathroom, and 24 three bedroom/two bathroom units in this phase. The new apartment Complex will then serve as student housing to the students of UC Merced California.

Axis at Compass Pointe is nestled in a quiet neighborhood located in Merced, CA. With our convenient location, you will have access to the Merced Mall, local restaurants, and other fine retail shops for your shopping needs. No to mention, UC Merced is only a short 6-mile drive, or you can catch the bus. The project is located at the corner of Compass Point and Pacific Dr. in Merced California. The target tenant profile will be Graduate and Under Graduate students for the University of California at Merced. Our Compass Pointe Apartment site is Merced’s only newly constructed apartment community at this time. It’s located in a prime north Merced area near Yosemite Ave and R St. The project is 80% complete. Demand is very high for apartment units in Merced. With the growth of UC Merced at 500 students per year the vacancy factors will continue to be low whether you lease to students or not. The UC has added a medical school and has a need for graduate student housing. The UC officials have encouraged us to complete this project as soon as possible. The project is located on the CAT Track bus line. (Direct bus service to UC Merced) This really increases its enticement for students. The project has quality floor plans, inside utility rooms, common building, gym, pool, and gated with security entrances.

Property Details Axis at Compass Pointe 3779 Horizons Ave, Merced, CA 95348 View the full listing here: http://www.loopnet.com/Listing/3779-Horizons-Ave-Merced- CA/8891245/ Price: $24,000,000 No. Units: 96 Property Type: Multifamily Property Sub-type: Apartments Apartment Style: Garden Building Class: A Sale Type: Investment Cap Rate: 5 % Lot Size: 4.89 AC Building Size: 90,144 SF No. Beds: 96 No. Stories: 2 Year Built: 2017-2018 APN / Parcel ID: 206-070-005

10

Estimated Internal Rate of Return (IRR) per Class A Unit

Projected Financial Analysis Summary

Year 1 Year 5 Year 10 Year 1 Year 5 Year 10

Debt Coverage Ratio (DCR) 1.99 2.10 2.51 Gross Rent Yearly Multiplier (GRM) 14.87 14.87 14.87

Capitalization Rate Based on Cost 5.19% 5.98% 7.16% Value of Property Using Your GRM 25,185,600$ 29,463,590$ 35,846,962$

Capitalization Rate Based on FMV 4.99% 4.92% 4.84% Loan to Value Ratio (LVR) 57.69% 49.32% 40.53%

Value of Property Using This Cap Rate 24,929,604 28,711,500 34,354,630 Net Present Value (NPV) 96,267$ 3,951,693$ 8,457,784$

Cash on Cash Return before Taxes 6.45% 7.83% 10.77% Net Present Value Unleveraged (NPV) 7,695$ 3,741,546$ 8,125,515$

Cash on Cash Return after Taxes 6.45% 7.83% 10.77% Cumulative Internal Rate of Return (IRR) 6.05% 13.30% 13.36%

Gross Rent Monthly Multiplier (GRM) 178.39 178.39 178.39 Cumulative Unleveraged IRR 5.03% 8.39% 8.78%

5

Investment Location Management feels that Northern California is in a multi-family growth mode. Compass Pointe is located in a prime north Merced area near Yosemite Ave. and R St. Merced is in the heart of California’s San Joaquin Valley and serves as the county’s commercial, entertainment, cultural and governmental hub. With a population of 90,000 people, it retains the charm of a small town yet offers amenities routinely found in larger cities.

Known as the “Gateway to Yosemite,” the city boasts a low cost of living and first-rate quality of life. Merced enjoys close proximity to Yosemite National Park and is a convenient two-hour drive from San Francisco and Sacramento.

As its economic base, it has its commercial function in the heart of a prosperous agricultural area. It has a diversified growth of manufacturing plants.

Rental Market: During the down residential market more and more families will be seeking high quality rental properties. These potential renters will make excellent renters since they are potential future or even past homeowners. Not only do these families have good regular incomes but they are concerned with their credit ratings and referrals. Many are prime candidates for lease/rent to own or purchasing the home where they live. This leads to strong renters taking excellent care of properties while values are rising with highly motivated buyers already in the houses.

6

Property Information: Financial Information%of Cost % of FMV

Type: - Multi-Family Projected Down Payment/ Investment: 9,600,000$ 40.00% 40.00%

Total Cost: Initial Loan Balance/ Investment: 14,400,000$ 60.00% 60.00%

Fair Market Value:

Number of Units: Amount Rate Term (Years) Payment

Sq. Footage Loan #1 14,400,000 4.75% 30.00 57,000.00$

Appreciation Rate Loan #2 - 0.00% 0.00 -$

Loan #3 - 0.00% 0.00 -$

Rental Income & Expenses: Property 20-year Projected Cash Flow

Monthly Rents: 139,920$

Annual Rents 1,679,040$

Other Annual Income 141,600$

Annual Vacancy (54,619)$

Annual Expenses (519,541)$

Annual Mortgage Payments (684,000)$

Assumptions:

Rental Growth Rate 4.00%

Expense Growth Rate 4.00%

Property Growth Rate 4.00%

Marginal Tax Rate 0.00%

Capital Gain Tax Rate 0.00%

Year 1 Year 5 Year 10 Year 1 Year 5 Year 10

Debt Coverage Ratio (DCR) 1.99 2.10 2.51 Gross Rent Yearly Multiplier (GRM) 14.87 14.87 14.87

Capitalization Rate Based on Cost 5.19% 5.98% 7.16% Value of Property Using Your GRM 25,185,600$ 29,463,590$ 35,846,962$

Capitalization Rate Based on FMV 4.99% 4.92% 4.84% Loan to Value Ratio (LVR) 57.69% 49.32% 40.53%

Value of Property Using This Cap Rate 24,929,604 28,711,500 34,354,630 Net Present Value (NPV) 96,267$ 3,951,693$ 8,457,784$

Cash on Cash Return before Taxes 6.45% 7.83% 10.77% Net Present Value Unleveraged (NPV) 7,695$ 3,741,546$ 8,125,515$

Cash on Cash Return after Taxes 6.45% 7.83% 10.77% Cumulative Internal Rate of Return (IRR) 6.05% 13.30% 13.36%

Gross Rent Monthly Multiplier (GRM) 178.39 178.39 178.39 Cumulative Unleveraged IRR 5.03% 8.39% 8.78%

Financial Ratios:

PROJECTED FINANCIAL ANALYSIS SUMMARY

24,000,000$

Insert Property Picture Here

96

95,736

4.00%

24,000,000$

-

200,000

400,000

600,000

800,000

1,000,000

1,200,000

1,400,000

1,600,000

1,800,000

2,000,000

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20

Year

7

COMPASS POINTE OFF-CAMPUS

PRIVATE PLACEMENT MEMORANDUM

PROFORMA RENT SCHEDULE

48





9

Property Details

Our Compass Point Apartment site is Merced’s only entitled land at this time. It’s located in a prime north Merced area near Yosemite Ave and R St. All plans including civil are complete. The building pads are in place and compacted. The project is shovel ready.

Demand is very high for apartment units in Merced. With the growth of UC Merced at 1,000 students per year the vacancy factors will continue to be low whether you lease to students or not. The UC has added a medical school and has a need for graduate student housing. The UC officials have encouraged us to complete this project as soon as possible.

The project is located on the CAT Track bus line. (Direct bus service to US Merced) This really increases its enticement for students.

The project has quality floor plans, inside utility rooms, common building, gym, pool, and gated with security entrances.



10

EXHIBIT F:



11

Article 1

EXHIBIT G: UC Merced Articles

What UC Merced’s Class of 2018 Tells Us About the Future of California

The Golden State Invested in a World- Class Campus in the Central Valley. Why Give Up on It Now?

BY DORTHY LELAND|MAY 20, 2018

At commencement this past weekend, UC Merced sent a crop of about 1,100 graduates off into the world. Six years ago, when we awarded degrees to our first full graduating class, we had just under 300. That’s a sign of our growth, but more importantly—of demand.

Last fall, we received more than 20,000 applications, but we had seats for fewer than 10 percent of them. Much of that demand comes from populations that historically have not sent large numbers to the UCs – students from the San Joaquin Valley, for instance. In fact, since UC Merced opened, high school applications to the entire UC system from the San Joaquin Valley have doubled. More than half of our students come from low-income families and more than 45 percent are Latino.

With each new example of a graduate in communities that haven’t had a college-going culture, we’ve seen that graduate inspires multiple others to think that college is within reach.

We want to nurture this college-going culture among populations that haven’t historically graduated from the UCs in numbers that reflect their role in the state. Jessica Rivas, for example, never planned to go to college. When she was in high school in North Hollywood, a close family member was diagnosed with serious mental illness and she found a deeply personal reason to want to learn more about how the brain works.



60

Rivas, a cognitive science major who graduated this weekend, was like six out of 10 of her peers here, the first in her family to attend a four- year university. And with each new example of a graduate in communities that haven’t had a college-going culture, we’ve seen that graduate inspires multiple others to think that college is within reach.

UC Merced was founded in20,0005 with the firm belief that our state’s future rests on a new gen- eration of Californians like Rivas—bright and ca- pable young men and women who have so much to contribute if simply given a chance.

As a native of the rural Ventura County community of Fillmore, I knew what the success of this young university would mean to the generations of students, who like me, needed only the ap- propriate educational opportunity to be able to fulfill their professional dreams and give back to their state and communities.

In our classrooms, residence halls, and labs, you can see the future of California. As the most diverse campus in the UC system, the UC Merced of 2018 is the California of 2035. And this is good news for all Californians, including the many historically underserved students who now benefit from access to a UC quality education.

The carefully considered decision to locate the 10th UC campus in the fast-growing San Joaquin Valley has paid big economic dividends for the region, as well.

In an area that has struggled for decades with high rates of poverty, unemployment, and economic stagnation, UC Merced has created not only faculty and staff positions, but thousands of new jobs in K-12 teaching, accounting, childcare, construction and other fields. Research expendi- tures in everything from drones to solar energy have totaled around $126 million since 20,0000.

The university has also invested more than $1.1 billion in the region, and $2.2 billion statewide, through construction contracts awarded, wages and benefits paid, and goods and services pur- chased.

And we are training students in issues with real-world implications facing California and the world. For example, the Sierra Nevada Research Institute is discovering and disseminating new knowledge about sustaining natural resources such as air, water and soil in the Southern Sier- ra Nevada. UC Merced is also the home of the UC Advanced Solar Technologies Institute, which is helping to make renewables more efficient and affordable.

We are extremely proud of these achievements and what they say about the UC system’s role in California’s success. Yet at a time of so much promise, we are struggling to meet the surging demand because our campus is fast approaching the limits of its physical capacity, and there is a lack of state funding to expand our facilities.

Already, many of our students attend classes late into the night to make the most of class space, professors keep office hours in noisy public spaces, and lab space is used as makeshift desks. In student housing, we have squeezed three beds in spaces for two and four beds in spaces for three. We are trying to do more with less in this period of uncertain state funding: we’re already plan- ning to add classrooms, research labs, and housing through a partnership with the private sector that we call the 2020 Project. It will enable us to build facilities to accommodate up to 10,000 students by the beginning of the next decade. In an approach recently endorsed by the Bay Area Council Economic Institute, UC Merced can focus public resources on educational priorities such as maintaining access, while private dollars can be used to fund construction.



61

Californians need to reinvest in their world-class educational system because it lays the founda- tion of our prosperity and success. We need graduates with know-how and a sense of responsibil- ity like Ruben Reyes, a 19-year-old sophomore from La Puente who is also the first in his family to attend college.

Reyes, a psychology major, is a volunteer with the Merced County Project 10 Percent, which is trying to address Merced’s dropout crisis, and visits middle schools to encourage students to stay in school. And after he graduates, he plans to return to Los Angeles and work in his home community.

Just imagine what this state’s future would look like if the potential of students such as Reyes and Rivas went untapped. Our state can’t afford to leave any UC-eligible young person behind. What’s the point in making such a bold investment in a world-class higher-education system if we can’t reap all the benefits?

Article 2

Demand grows for UC Merced amid college admissions frenzy

MERCED -- UC Merced rises out of nowhere, a tidy cluster of modern buildings and perfectly spaced trees surrounded entirely by Central Valley grass- lands. Students walking or skateboarding to class along the campus’s main walkway can often see the snowcapped Sierra Nevada in the distance and grazing cows up close.

The strikingly pristine rural setting, miles from downtown, is apt for what the 10-year-old campus is to so many: a second chance on the edge of California’s higher education frontier. The baby of the UCs has become an increasingly desired land- ing spot for thousands of the state’s brightest students, including many who have been shut out of the more established campuses in the hyper-com- petitive University of California system.

Friday is decision day at UC and many collegesacross the country. This spring, high school se- niors like Maria Lino discovered Merced as the school that chose them -- even though they didn’t apply there.

“When I got that email I started to cry,” said Lino, 18, of Oakland, who received an offer from Mer- ced after being rejected from all of the other UC campuses to which she applied. “I was like, ‘Wow, at least there was one campus that was appreci- ating my efforts for these four years.’”

Suddenly, the campus of 6,000 students -- by far UC’s smallest school -- is undergoing growing pains. The University of California guarantees a spot somewhere in the system for students who are among the top 9 percent of their class or students statewide, and Merced is UC’s only fallback.



62

What should attract students to a place like UC Merced, other than the $275-a-month rents? Those who’ve made the leap say they’ll find a diverse, world-class research institution with the size and feel of a liberal arts college -- a welcom- ing and laid-back atmosphere where professors mean it when they invite you to office hours; where you can land a spot in a research lab as an undergraduate, start your own club, and rub elbows with top administrators.

“You’ll run into the vice chancellor sitting there in the dining hall,” said Domonique Jones, a junior political science major from the East Bay city of Hercules.

One big drawback: The closest Trader Joe’s is almost 50 miles away.

The vast majority of students actually turn down their unsolicited Merced invites, as critics are quick to note. Even Nina Robinson, the chief policy adviser to UC President Janet Napolitano, ac- knowledged while testifying at a recent hearing in Sacramento that giving top students only one option -- Merced -- doesn’t reflect the spirit of UC’s decades-old guarantee.

Last year, only about 1,000 of the more than 11,000 people who received Merced’s “Count Me In” email notice expressed interest in the opportunity; of those, roughly 28 percent enrolled, ac- cording to figures provided by UC Merced. Lino, for example, considered Merced but chose Knox College, a private school in Illinois.

But that number is growing as some, seeing a second chance, are considering this new, ethni- cally diverse campus with fresh eyes.

Freshman applications also were up 15.4 percent from last year, the biggest increase of any UC campus. And because of space constraints, Merced is turning away students it would have admitted just a few years ago.

“We hope that’s temporary,” said UC Merced Chancellor Dorothy Leland, who is pushing for UC to fund a planned expansion.

BIG OPPORTUNITIES UC Merced is built on an old golf course about a 15-minute drive from downtown Merced, about two hours southeast of Oakland and an hour and a half west of Yosemite National Park. Right next door, though, is a nature preserve with vernal pools for students to explore. With roughly 5,900 undergraduate and 400 graduate students, it is about one-third the size of the next-largest UC campus, in Santa Cruz.

“It definitely feels like I’m at a school that’s still in the process of being built,” said Leo Faiola, a sophomore economics major from Oakland.

UC Merced was not on the top of Samantha Gaer- lan’s list, but the junior molecular biology major from Glendale said she is glad she landed there.

Like many other students, Gaerlan has taken ad- vantage of the school’s intimacy. Not only does she easily connect with professors during office hours, she got a chance to research a new meth- od for designing pharmaceutical drugs with a postdoctoral student in professor Jason Hein’s chemistry lab.

“It’s actually one of the things that drew me to Merced,” she said.

During any given term, Hein has up to 10 under- graduates working with his postdoctoral students -- “an army of undergrads,” he calls them. “They’re doing things at a level that I did as a graduate student,” Hein said. “You don’t get kid gloves. You do the real project.”

This opportunity, rare at bigger campuses, is also necessary in labs like Hein’s; Merced does not have enough graduate students to do the work



63

themselves.

Lab experience -- and invaluable credits in pub- lished studies -- can be crucial for students seeking graduate degrees and employment from in- stitutions still unsure of what a degree from UC Merced means, Hein said. The school is also becoming a research hub for solar technology, envi- ronmental and land use issues.

“The students who are graduating here with that extra star,” Hein said, “they will be able to com- pete.”

A DIFFERENT KIND OF LIFE About half of UC Merced’s students come from the Bay Area or Los Angeles and have to adjust to the slower pace of life and more extreme, often windy, weather. And there’s often a distinc- tive odor blowing in from the campus’s nearest neighbors.

“I remember my freshman year, I was coming out of a class,” said Kevin Karabinas, a junior comput- er science and engineering major from San Jose. “I looked to my left, and a cow was just chilling there on the other side of the fence.”

Life in Merced seemed a bit dull at first to Karabi- nas, who joined a social fraternity his sophomore year, which helped him “figure out what to do,” he said. He now rents a house off campus with four of his fraternity brothers and meets friends at 17th Street Public House, an upscale pub on Main Street that serves craft beers.

“I think once you’ve made that solid group of friends it’s very hard to be bored,” he said.

Some students said it has helped them academ- ically to have distractions so far away. And they note another benefit to living away from it all: It’s cheap. Gaerlan pays $265 per month in rent -- a fraction of what she would pay to live in Berkeley, for instance.

“The cost of living here is amazingly low,” she said. Merced -- population 81,000 -- is not what you’d call a classic college town, but city boosters like Councilman Mike Murphy say it’s becoming one. Murphy proudly shows off how Main Street is now home to a restored, 1,200-seat theater that brings in speakers, comedians and bands. There’s also a funky coffee shop filled with 20-somethings on laptops, the craft brewery where Karabinas hangs out, and other new bars and restaurants, many of which now offer student discounts. Last week, the campus held its annual spring concert known as Cowchella.

“There’s so much going on,” said Adam S. 3N Realty Advisors, the Merced Theatre’s managing director. “Every- one calls it ‘Merdead’ -- that’s the furthest from the truth.”

Some expect, or hope, that the city will eventually expand to reach the campus -- and that the campus will grow, too. UC Merced’s development plan calls for it to almost double to 10,000 students by 2020, and UC’s governing board will soon consider a proposal for more housing, academic buildings, research labs, a swimming pool and other amenities.

At its current size, the compact campus is jammed with students and faculty from morning into the night. Leland, the chancellor, said that on Napoli- tano’s first visit to campus, she arrived around 9 p.m. -- and visited a biology class. It was complete- ly full.

The marching band doesn’t have a regular space to practice, Leland said, “but they practice outdoors. They’re not deterred. They’re going to find a way to do it anyway.”



64

Article 3

Regents Approve UC Merced’s New Downtown Center The campus is again connecting with the community of Merced, bringing new construction and an economic boost to the downtown area with about 370 more people there each business day.

Quick Facts: UC Merced faces space constraints on campus, and new building will consolidate staff in one area.

On-campus space will be freed up for students and faculty members.

Artist’s rendering of how the center will look.

The new center will include some collaborative space for more campus-community part- nerships.

The University of California, Merced, has moved a step closer to realizing its plan to build a new center in downtown Merced that will provide space for administrators and collaborations with community partners.

The UC Regents today approved the construction of the 67,400-gross-square-foot building. The $45 million project would also provide mixed-use collaborative space, conference and seminar rooms and a work café.

Administrative staff members now on campus and at various off-campus sites like the Castle Research Facility, the Promenade and the Mondo Building, will be consolidated at the new center, bringing an economic boost to downtown Merced and connecting the campus more closely with the community. The Downtown Center project is integral to UC Merced’s 2020 Project, which is designed to ex-

pand the current campus physical framework to accommodate 10,000 students by 2020. That project is in the request-for-proposal stage and was the subject of a lengthy workshop at the UC Board of Regents meeting earlier this week.

“While the Regents’ approval of the Downtown Center is good news, the campus still has significant other hurdles to overcome before we break ground on construction,” Vice Chancellor for Busi- ness and Administrative Services Michael Reese said. “Among them is assurance that the City of Merced will provide the necessary city services for expansion of the campus.” Reese is optimistic that campus plans for both the Downtown Center and campus expansion will eventually move forward.

“The 2020 Project is a significant opportunity, not just for UC Merced but for the local economy,” said



65

Reese, who cited an independent economic impact analysis that projects the overall 2020 Project will generate $1.5 billion in direct and indirect effects in Merced County alone and 8,400 new jobs.

Just as the 2020 Project is designed to bring in- novative new approaches to the building of a UC campus, the Downtown Center is also unique because it uses efficient and flexible layouts suited to a 21st-century work environment. The design enhances cost efficiency by consolidating other leased space, and staff productivity by creating a more collaborative workspace.

In 2014, UC Merced paid about $630,000 for a piece of publicly auctioned land at 18th and N streets, across from the Merced Civic Center. The campus also leases space in the Parcade Building at 18th and M streets. That building will house the new Venture lab, a hub for technology transfer and entrepreneurialism opening this fall.

The Urban Land Institute, a consulting group that

surveyed the campus in 2014 to make recom- mendations for growth, recommended that UC Merced locate a significant number of staff members at a central location. One suggested location was downtown Merced, which would strengthen the campus’s presence within the city.

The new center will bring about 370 people to the area each business day while also making room on campus for student and academic use. Space on campus is at a premium and likely will be for many years to come. Projections call for construction on the Down- town Center to start in summer 2016 and finish a year later.

The campus will maintain its other leased spaces until the center opens in fall 2017. Design plans

call for a three-story building that maximizes natural light through shafts while also controlling energy use and costs by using shade covers and louvers. The entrance is being designed to com- plement Merced City Hall.

The three-story Downtown Campus Center will give UC Merced a much-needed physical presence in the heart of town, increase the economic vitality of the downtown area and create major new opportunities for collaboration between the university and the community. It located in close proximity our Axis property.



66



67

95 96 97



68

98



69

99



70

100 101 102



71

103 104

Axis at Compass Pointe 3779 Horizons Ave, Merced, CA 95348

Property Details View the full listing here: http://www.loopnet.com/Listing/3779-Horizons-Ave-Merced- CA/8891245/ Price: $24,000,000 No. Units: 96 Property Type: Multifamily Property Sub-type: Apartments Apartment Style: Garden Building Class: A Sale Type: Investment Cap Rate: 4.5 % Lot Size: 4.89 AC Building Size: 90,144 SF Sale Conditions: Cash to Seller No. Beds: 96 No. Stories: 2 Year Built: 2017/2018 APN / Parcel ID: 206-070-005

http://www.loopnet.com/Listing/3779-Horizons-Ave-Merced-



72

105

Axis at Compass Pointe 3779 Horizons Ave, Merced, CA 95348



73

106 107 108

Axis at Compass Pointe 3779 Horizons Ave | Phone: (209) 720-7858

We are excited to introduce our newest apartment community in the Merced area. Axis

at Compass Pointe boasts exceptionally designed one, two and three-bedroom apartment

homes featuring quartz countertops, wood flooring, and much more. Our community is de-

signed with many modern amenities and modern conveniences you are sure to love.

Axis at Compass Pointe is nestled in a quiet neighborhood located in Merced, CA. With our

convenient location, you will have access to the Merced Mall, local restaurants, and other fine

retail shops for your shopping needs. No to mention, UC Merced is only a short 6-mile drive

or you can catch the bus to UC Merced right in front of your new home.

We are now accepting applications and adding names to our waiting list! Be the first to live

in this new upcoming community.



74

109



75

110



43

111

Floor Plans 1x1 1 Bed / 1 Bath 798 SQFT**

2 Available Now $999*

2x2 2 Beds / 2 Baths

997 SQFT** 5 Available Now

$1,375*

3x2 3 Beds / 2 Baths 1200 SQFT**

Call for Details

*Pricing and availability are subject to change. **SQFT listed is an approximate value for each unit.



42

112

Community Amenities

• Few minutes to UC Merced

• Near Shopping and Dining

Apartment Amenities

• Quartz Countertops

• Stainless Steel Sinks

• Wood Flooring

• Two-Tone Paint

• Ceiling Fans

• Washer and Dryer Included

• One, Two and Three-Bedroom Floorplans

• Pet Policy

• Pets under 25lbs

• Pet Deposit $500

• Pet Rent $25 per month

Office Hours

Monday-Friday

9:00 AM-6:00 PM



45

113

Welcome to Axis at Compass Pointe We are excited to introduce our newest apartment community in the Merced area. Axis at Compass Pointe boasts exceptionally designed one, two and three-bedroom apartment homes featuring quartz countertops, wood flooring, and much more. Our community is designed with many modern amenities and modern conveniences you are sure to love.

Axis at Compass Pointe is nestled in a quiet neighborhood located in Merced, CA. With our convenient location, you will have access to the Merced Mall, local restaurants, and other fine retail shops for your shopping needs. No to mention, UC Merced is only a short 6-mile drive, or you can catch the bus to UC Merced right in front of your new home.

Documents

Compass Pointe Off-Campus - LoopNet · EXECUTIVE SUMMARY CPOC's primary business objective to develop student housing Compass Pointe Off Campus Apartments (the "Complex") in Merced,