The Vault at Statesboro

For Sale

1699 Statesboro Place, Statesboro, GA 30458

This Statesboro property for sale is located at 1699 Statesboro Place. The current listed sale price for The Vault at Statesboro is $15,000,000.

Contacts

broker

Cory Caroline Sams

GREA

broker

Ken Wellar

GREA

broker

Steffan Ramos

GREA

broker

Barden Brown

GREA

broker

Corey Lonberger

GREA

broker

Chandler Brown

GREA

Property Details

The Vault at Statesboro is a purpose-built student housing community adjacent to Georgia Southern University.  The 127-unit, 508-bedroom student housing complex offers students four (4) bedroom units with private bathrooms. The Vault underwent property renovations in 2018 upgrading unit kitchens and modernizing paint colors, fixtures, and property amenities. The following 5 units (20 beds) still need to undergo renovations at the property: Units 504, 801, 901, 903, and 905. 

Recent renovations also included upgrades to the amenities throughout the property including a state-of-the-art fitness center, a printing center and business center, a resident lounge, and a resort-style pool. The complex also offers tennis courts, volleyball courts, and basketball courts and is pet friendly and offers an outdoor pet, play area. The property boasts spacious common areas including grilling and sun-deck lounging areas. The property hosts many resident events and activities throughout the year and offers students individual leases and roommate matching if needed. 

Resident units feature full kitchens, refinished cabinetry, modern furniture, full-size, in-unit washers and dryers, balconies, and large built-in desks. Units also feature newly installed flooring and rent includes all utilities, with cable and high-speed internet. The units provide students with a comfortable, relaxing environment while they focus on their studies. 

Georgia Southern University has seen enrollment growth in recent years and is predicting that this trend will continue through 2025, at minimum. The Vault student housing complex offers the potential to own a stable, student housing property adjacent to an excellent higher education institution.


Georgia Broker of Record: Barden R. Brown, Jr. (License # 60755; Brown Realty Advisors, Inc.; Company License# 5732; 770.594.1915; [email protected])

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Highlights

  • FBS Institution with Strong Fundamentals: GSU Enrollment of 26,000 with Forecasted Growth Providing Consistent Demand in the Statesboro Market
  • Pedestrian to Campus: 0.31 Miles From Georgia Southern University Campus
  • Excellent Bedroom/Bath Parity: One-to-One Bedroom/Bath Parity Offering Students Space and Privacy
  • Recently Renovated: Property Refurbished in 2018 with Modern Updates
  • Offered Significantly Below Replacement Costs: Property is Offered Below Cost to Build New Student Housing Making Market Rents Below Replacement Costs; Protect the Market from New Supply and Allow for Continued Market Performance of 95% Occupancy and Future Rent Growth

Attachments

Getting around

  • 49/100

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  • 44/100

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Location

  • City Statesboro, GA
  • Neighborhood Statesboro
  • Zip Code 30458

Points of Interest

  • Circle K

    0.38 miles

  • Gate Petroleum

    0.75 miles

  • Enmark

    1.43 miles

  • Murphy USA

    1.51 miles

  • Gate

    1.51 miles

  • BP

    1.64 miles

  • Enmark

    1.64 miles

  • Walmart Neighborhood Market

    1.78 miles

  • Parkers

    1.86 miles

  • Clyde's Market

    2.16 miles

  • Lot 13

    0.43 miles

  • Lot12

    0.47 miles

  • Lot 41

    0.52 miles

  • Lot 11

    0.59 miles

  • Lot 42

    0.59 miles

  • Lot C

    0.82 miles

  • Lot G

    0.98 miles

  • Super 8

    0.36 miles

  • Days Inn

    0.49 miles

  • Howard Johnson's

    0.67 miles

  • Quality Inn

    0.78 miles

  • Deluxe Inn

    1.67 miles

  • Hampton Inn Statesboro

    1.71 miles

  • Holiday Inn

    1.83 miles

  • Home2 Suites by Hilton Statesboro

    2.00 miles

  • Studio 6

    2.12 miles

  • SpringHill Suites Statesboro University Area

    2.28 miles

  • Food World

    0.54 miles

  • Sears

    1.43 miles

  • JCPenney

    1.43 miles

  • Bi-Lo

    1.46 miles

  • Statesboro Mall

    1.47 miles

  • Big Lots

    1.55 miles

  • Belk

    1.55 miles

  • Walmart Supercenter

    1.62 miles

  • TJ Maxx

    1.63 miles

  • Aldi

    1.69 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact The Vault at Statesboro