MMC Realty Holdings Acquires Student Housing In Pensacola For $2.75M

Located at 9822 Utopia Drive in Pensacola, this student housing property was recently sold in a transaction facilitated by Matthew Prozzillo and Benjamin Skinner of Marcus & Millichap. The property is situated in a prime market and offers 30 bedrooms, with a price per bed of $91,667. The sale price for this asset was $2,750,000.

Summary of transaction details

• Property Type: Student Housing
• Transaction Amount: $2,750,000
• Address: 9822 Utopia Drive
• Market: Pensacola
• Buyer: MMC Realty Holdings LLC
• Seller: Haken Holdings
• Brokers: Matthew Prozzillo & Benjamin Skinner - Marcus & Millichap
• Beds: 30
• Price Per Bed: $91,667

In this transaction, MMC Realty Holdings LLC acquired the property from Haken Holdings. The deal was successfully negotiated by Matthew Prozzillo and Benjamin Skinner, representing Marcus & Millichap. With its conveniently located address in Pensacola, this student housing asset offers a great investment opportunity for the buyer.