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Marcus & Millichap Brokers $3M Sale of Valdosta State Student Housing Property

Marcus & Millichap has arranged the $2.5 million sale of Baytree Court Student Housing, a 17-unit apartment property located in Valdosta, GA.

Located at 810 Baytree Rd., the property is nearby the campus of Valdosta State University. The 15,300 square-foot property was constructed in 2015 and features updated finishes as well as washer and dryers in each unit. Baytree Court is currently 100 percent occupied and has maintained 98 percent-plus occupancy rates over the last five years.

John Brigel of Marcus & Millichap’s Tampa office represented the seller, a limited liability company, in the transaction. The buyer, a limited liability company, was also represented by Brigel as well as John Leonard of Marcus & Millichap.


Inside The Story

Marcus & Millichap’s Brigel

About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.

  • ◦Sale/Acquisition