Marcus & Millichap Arranges $6.2 Million Sale of 164-Bed Community Near Florida State University

by Katie Sloan

Tallahassee, Fla. — Marcus & Millichap has arranged the $6.2 million sale of Bainbridge Place, a 164-bed student housing community near Florida State University in Tallahassee. Matthew Prozzillo and Benjamin Skinner of Marcus & Millichap represented the seller, Broadview, in the disposition of the property to a northeastern private capital group. The community was developed in 2003 at 2309 Old Bainbridge Road and features 21 two-story buildings and a clubhouse. The new ownership plans to fully renovate and convert the property into conventional multifamily, offering one- and two-bedroom units with bed-to-bath parity. 

You may also like