84-Unit Apartment
223 Lanier Dr Statesboro, GA 30458
223 Lanier Dr, Statesboro, GA, 30458
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For Sale
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Stadium Place is an 84-unit apartment community in Statesboro with current average rents below projected market levels.
Property Size45,358 SF
Price / SF$149.92
Days on Market120
Property Features for 223 Lanier Dr
General Information
- Standard status
- Active
- Size
- 45,358 SF
- Property subtype
- Multifamily
Listing agency
Aline Capital
Listed by
Jonathan Kessler · License #SC
Source
Crexi
Added: Mar 26 Updated: Jul 22 at 8:38AM Checked: Jul 22 at 8:38AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Aline Capital
Investment Insights
Based on property information with market context.
Aline Capital presents the exclusive offering for Stadium Place, an 84-unit apartment community in Statesboro, Georgia. The property is described as providing steady in-place cash flow with consistent occupancy, while also offering rent optimization opportunities. Current average rents of $787 are noted as below a projected market rent of $925, with select units already reaching $895 to demonstrate proven demand.
Tenant demand is supported by the property’s proximity to campus and an affordable positioning, serving a diverse resident base that includes students, university staff, healthcare workers, and other local employees. The local employment landscape highlighted in the offering includes Georgia Southern University, East Georgia Regional Medical Center, Briggs & Stratton, Walmart Distribution Center, and Great Dane Trailers.
Stadium Place is positioned for continued income growth through continued rental strategy, backed by the region’s education, healthcare, and industrial sectors, along with ongoing infrastructure improvements and local investment initiatives.
Tenant demand is supported by the property’s proximity to campus and an affordable positioning, serving a diverse resident base that includes students, university staff, healthcare workers, and other local employees. The local employment landscape highlighted in the offering includes Georgia Southern University, East Georgia Regional Medical Center, Briggs & Stratton, Walmart Distribution Center, and Great Dane Trailers.
Stadium Place is positioned for continued income growth through continued rental strategy, backed by the region’s education, healthcare, and industrial sectors, along with ongoing infrastructure improvements and local investment initiatives.
Key Highlights
- 84‑unit apartment community in Statesboro, Georgia
- Current average rents of $787 below projected market rent of $925 (about $138 per month upside)
- Select units already reaching $895
Property Analytics
Location Intelligence
Current Use by Public Records
Stadium Place
Apartment Complex
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FAQs
What type of property is this?
Apartment building - Stadium Place is an 84-unit apartment community in Statesboro with current average rents below projected market levels.
Where is this apartment building located?
The property is located at 223 Lanier Dr Statesboro, GA.
What is the asking price?
The asking price for this property is $6,800,000.
What are key features of this property?
This property features: 84‑unit apartment community in Statesboro, Georgia; Current average rents of $787 below projected market rent of $925 (about $138 per month upside); Select units already reaching $895
