Investment Overview

Marcus & Millichap is pleased to present qualified investors with the opportunity to acquire a development opportunity in Tallahassee, FL, centrally located between Florida State University and Florida Agricultural and Mechanical University which combine for more than 53,000 students. Summit at Brooklyn Yard is a fully approved multi-family/student housing development project that consists of 1.30 +/- Acres and a new buyer can build 79-units/128 student housing beds with the current owners fully approved plans. The property has over 300 feet of frontage on the brand new FAMU way, which provides walkability to all student hotspots such has railroad square art park, The College Town Nightlife District, FSU Campus, and FAMU Campus. The proposed plans include amenity space for an onsite leasing office, gym, TV lounge with shared kitchen, and a study room. The proposed unit mix consists of 12 Studios, 30 1x1’s, and 37 2x2’s with total rentable square feet of 55,370.