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C L O S E D T R A N S A C T I O N |
University Courtyard
3025 South Adams Street
Tallahassee, FL 32301
CLOSING METRICS
- Price: $4,100,000
- Size: 96 units / 384 beds
- Price per Unit: $42,708
- Price per SF: $35.83
- Price per Bed: $10,677
- Year Built: 2000
- Cap Rate (Current): 15.58%
- GRM (Current): 2.18
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TRANSACTION HIGHLIGHTS
- University Courtyard is a Class "A" Student Housing
lease-by-the-bed community, located minutes from Florida A&M University in Tallahassee
with a current enrollment of over 12,000 students
- Tallahassee is also home to Florida State University with
an enrollment of over 40,000 and Tallahassee Community College with an enrollment
of over 14,000, bringing the total student enrollment to nearly 70,000.
- Located close to downtown, Leon County Fair Grounds and Jake
Gaither Golf Course with a Publix grocery store one mile from the Property and a
Winn-Dixie nearby
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Listed and Sold by:
Travis R Prince
Investment Associate
National Multi Housing Group
Tel: (813) 387-4800
Fax: (813) 387-4710
travis.prince@marcusmillichap.com
Dorothy Jackman
Associate Vice President of Investments
National Multi Housing Group
Tel: (813) 387-4700
Fax: (813) 387-4710
dorothy.jackman@marcusmillichap.com
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