For Auction
Student Housing Opportunity | Underserved Student Market | Villas on 8
Fort Valley, GA 31030Represented by
Berkadia
Asset Snapshot
Offering Summary
Investment Highlights:
- Master Lease Opportunity: Opportunity to master lease the property to FVSU and remove any delinquency concerns
- Management Upside: Current Ownership has allowed operations to slip during the marketing process; refocused management can easily bring NOI to $400k-$500k annually
- Underserved Student Housing Market: Villas on 8 is the only premier, off- campus housing option for FVSU students within 13.5-mile radius
- Prime University Location: The property offers exceptional walkability to the university, providing students with convenient, car-free access to campus facilities and events
- Premium Asset Available Below Replacement Cost: Constructed in 1999, Villas on 8 presents an excellent opportunity to acquire a high-quality, well-maintained asset ($24,088/unit invested in capital improvements) at a price significantly below replacement cost
- Growing Economy: Fort Valley State University and Blue Bird Corporation are key economic anchors, employing approximately 4,100 people; additionally, population growth adjacent to the property is projected to be 10.7% through 2034
- Ample Parking: In addition to the designated parking spaces, the property offers overflow parking.
The Offering:
Berkadia, in conjunction with RI Marketplace, is pleased to offer Villas on 8, the only purpose-built, off-campus housing option for FVSU students within a 13.5-mile radius. Villas on 8 is strategically situated on State University Drive, directly across from Fort Valley State University (FVSU), offering an unmatched location for students. This prime positioning provides students with the convenience of being just steps away from their classes, campus facilities, and university events, making it an irreplaceable choice for those attending FVSU. The ease of access to the university not only enhances the student living experience but also adds significant value to the property as a highly soughtafter housing option.Property Tours
Property tours are available February 3rd and 4th by appointment only. Please reach out to Ian Shaw, ian.shaw@berkadia.com | (678) 315-6238, to schedule.Due Diligence
Transaction Managers
Platform Fee
Buyer pays platform fee at closing.
5% or $25,000 minimum
How it Works
Learn about bidding, reserve prices, and closing.
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Disclaimers
The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.
