Multi-Family•Low-Rise/Garden•For Sale

Arive850

1857 W Pensacola St, Tallahassee, Florida 32304

Sale Price $13,500,000
Sale Type Investment
Year Built 2017
Stories 3
Gross Bldg 35,000 SqFt
Land Area 2.31 Acres
Project Size 35
Gated Student Housing Complex | 140 beds | 2017 construction -Average 480SF/bed -Average $731 Rent/bed -Average $1.52 Market Rent PSF -0.96 Parking Spaces/bed Arive850 is located just outside FSU's west entrance and within view of Doak Campbell Stadium and Sports Complex. -Minutes to FAMU/FSU College of Engineering and Seminole Golf Course - Minutes to FSU Recreation Sportsplex (Intramural Sports) - Minutes to FSU Reservation (73AC Recreation area for Canoeing, Kayaking, Swimming, FSU Challenge Course with Climbing Wall and Disc Golf)
  • Half-Mile to Florida State University
  • 35 Unit, 140-bed Townhome-style Student Housing just 0.4 miles form FSU
  • 263 Feet of Frontage on West Pensacola Street (second-busiest FSU access route)
  • Property’s 1 Mile Radial offers a variety of walkable restaurants and retail options fueling demand for Student Housing
  • Built in 2017 offering spacious townhome units – largest floor plans of the competitive set – in the submarket’s newest townhome-only student housing product
  • Property’s special features include a boutique-style swimming pool and exclusive access through gated entryways along West Pensacola Street and South Lipona Road
5/16/2019 7:52:43 PM 5/16/2019 7:52:43 PM
Johnathon Kendrick
Managing Director, SE Multifamily Group
KW Commercial Peachtree Road

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