THC Management LLC Acquires 196-Unit Multifamily Property In Valdosta For $18.5M

The Staten Crossing Apartments, a 196-unit multifamily property located at 3925 North Oak Street in Valdosta, Georgia, was sold for $18.5 million. The property spans 198,562 square feet, resulting in a price per unit of $94,388 and a price per square foot of $93.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $18,500,000
• Units: 196
• Square Footage: 198,562
• Price Per Unit: $94,388
• Price Per Square Foot: $93
• Address: 3925 North Oak Street
• Market: Valdosta, GA
• Buyer: THC Management LLC
• Brokers: John Brigel & John Leonard - Marcus & Millichap

John Brigel of the Tampa office at Marcus & Millichap represented the exclusive listing for the $18.5 million sale of the Staten Crossing Apartments in Valdosta, Georgia.