Eastman Residential Acquires Multifamily Asset At 2201 Baytree Road Valdosta For $17M

The property asset involved in the transaction is a multifamily building located at 2201 Baytree Road, Valdosta, GA. The sale price was $17,000,000 for a total of 216 units, resulting in a price per unit of $78,703. The building encompasses a total square footage of 236,736, resulting in a price per square foot of $71.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $17,000,000
• Buyer: Eastman Residential - Zachary Schofel & Marc Schofel
• Seller: HSRE (Harrison Street Real Estate)
• Broker: Teddy Leatherman & Scott Clifton - JLL
• Units: 216
• Square Footage: 236,736
• Price Per Unit: $78,703
• Price Per Square Foot: $71

Key individuals involved in this transaction include Zachary Schofel and Marc Schofel representing the buyer, Eastman Residential. The seller, HSRE, managed by its respective representatives, facilitated the sale with the assistance of brokers Teddy Leatherman and Scott Clifton from JLL.