Campus Block townhome community near Florida State University in Tallahassee, FL sells for $2.7 million

  

 

Dorothy Jackman

Tallahassee, FL (Nov. 10, 2015) – Colliers International Student Housing Group has facilitated the sale of Campus Block, a student townhome community near Florida State University.

 The 40-bed, 10-unit rental community, which sold for $2.78 million, or $69,500 per bed, has been 100 percent occupied since it was built in 2013.

The seller, Campus Block FSU, LLC, is a student housing developer, and the buyer is an undisclosed investment group based in Miami, Fla.

Sean Baird, Associate; Travis Prince, CCIM, Managing Director; and Dorothy Jackman, Managing Director; of Colliers International Student Housing Group, represented the seller.

Campus Block, located less than a half-mile from Florida State University, has 10 four-bedroom, three-story townhomes with private bedroom-bathroom suites and an additional half bath. All townhomes are over 2,000 square feet and come equipped with a full kitchen, in-unit laundry and 60-inch flat screen TV.

Sean Baird

“Campus Block offers the buyers the opportunity to continue to grow revenue at one of the best locations in the Tallahassee market,” said Colliers’ Baird. “The location and quality are excellent – the community is walkable to the FSU campus and Doak Campbell Stadium, and very close to grocery stores and several restaurants.”

In each townhome, the second-floor common area is furnished, and there is also a private front balcony and rear porch, two-car garage and driveway, and an alarm system.

Campus Block is located at 1775 Belle Vue Way in Tallahassee.

For a complete copy of the company’s news release, please contact:

Leah Saunders

B2 Communications

Office: (727) 895-2030, ext. 104

Cell: (813) 924-0367

Email: Leah@B2communications.com