Milbrook Properties Acquires Retail Asset At 2020 West Pensacola Street For $24M

The property asset involved in this transaction is a retail space located at 2020 West Pensacola Street in Tallahassee. The sale price was $24,000,000, and the property encompasses approximately 152,335 square feet, translating to a price per square foot of $157.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $24,000,000
• Address: 2020 West Pensacola Street
• Market: Tallahassee
• Square Footage: 152,335
• Price per Square Foot: $157
• Buyer: Milbrook Properties
• Seller: Student Housing Solutions
• Brokers: Douglas Mandel - Marcus & Millichap

This transaction involved key individuals and companies, with Milbrook Properties acquiring the property from Student Housing Solutions. The deal was facilitated by broker Douglas Mandel, representing Marcus & Millichap, who played an essential role in the transaction process.