3/5/2009

Marcus & Millichap brokers 96-unit apartment building

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A local limited liability company has purchased University Courtyard, a 96-unit/384-bed student housing community located in Tallahassee, Fla.

Dorothy Jackman, associate vice president, and Travis Prince, investment specialist in Marcus & Millichap's Tampa office represented both the buyer and seller.

Located at 3025 South Adams Street, the complex consists of 96 four-bedroom/two-bathroom units at 1,192 square feet. Built in 2000, the community offers fully-furnished units that are leased by-the-bed and multiple amenities, including a swimming pool, sand volleyball court, fitness center and a business center with a computer lab, study rooms, copier and fax service. The community is currently 100 percent occupied.

Address: 3025 South Adams Street, Tallahassee, Fla.

Size: 1,192 square feet/96 units

Built: 2000

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Filed Under: Multi-Family

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