CS FL Pines, LLC Acquires 96-Unit Multifamily Property In Tallahassee For $10.15M

The multifamily property located at 3801 Mission Trace Boulevard in Tallahassee has been sold for a price of $10,150,000. The transaction took place on April 25, 2022. The property spans over 4.9 acres and consists of 96 units, with a total square footage of 105,056. The price per unit is $105,729, and the price per square foot is $97. The buyer of the property is CS FL Pines, LLC, while the seller is Stonewell TLH 3, LLC.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $10,150,000
• Address: 3801 Mission Trace Boulevard
• Market: Tallahassee
• Acres: 4.9
• Units: 96
• Price per Unit: $105,729
• Total Square Footage: 105,056
• Price per Square Foot: $97

The deal was facilitated by the RPH Multifamily Group - Marcus & Millichap, with brokers Adam Podbelski, Ned Roberts, and Jason Hague representing both parties involved in the transaction.