Tallahassee, Fla. — Colliers International Student Housing Group has arranged the sale of Campus Block, a student townhome community near Florida State University in Tallahassee, for $2.78 million.
The community has been 100 percent occupied since it was built in 2013. The sale price reflects a cost of $69,500 per bed.
The seller, Campus Block FSU LLC, is a student housing developer, and the buyer is an undisclosed investment group based in Miami. Sean Baird, associate, Travis Prince, 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 the university, has 10 four-bedroom, three-story townhomes with private bedroom-bathroom suites and an additional half-bath. All townhomes are greater than 2,000 square feet and come equipped with a full kitchen, in-unit laundry and 60-inch flat-screen TV. 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.