Randall Commercial Group, LLC Brokers Sale of Student Housing Community | Oxford, MS
Oxford, MS – Randall Commercial Group, LLC, a boutique commercial investment real estate brokerage and advisory firm, is pleased to announce the sale of Molly Barr Ridge and Molly Barr Trails, two student housing communities located on Molly Barr Rd. approximately 1.1 miles from The University of Mississippi. Molly Barr Trails was built in 2012 and has maintained 100% occupancy since opening. Molly Barr Ridge was completed in 2015. Both communities combine for 125 units or 303 beds, and both Molly Barr Trails & Ridge are 100% occupied for the beginning of the 2016/2017 school year. Both complexes feature community amenities such as a state of the art gym and swimming pool. The communities are also located at the start of the Oxford Depot Trail (bike & walking) that leads directly campus. Elizabeth Randall, Joe Pegram and Brian Phillips, CCIM assisted the Seller, an unnamed local investor group, in this transaction. The property was sold to Nelson Brothers, a student housing and assisted living investment company.
To learn more about how Randall Commercial Group, LLC may assist you with your commercial real estate investments, please visit www.randallcommercialgroup.com.
About Nelson Brothers: Since its inception in 2007, Nelson Brothers has established itself as a leader in student housing and assisted living acquisition and management. Nelson Brothers properties can be found in some of the nation’s best collegiate and retirement communities. Through their property management company (Nelson Brothers Property Management, Inc.), Nelson Brothers provides residents of their communities with strong customer service in anticipation that the needs of the most demanding resident will be easily met. Nelson Brothers manages over 4,000 units across 10 states. This is Nelson Brothers second investment in the Oxford/Ole Miss community as they own and operate Taylor Bend, a 288-bed student housing community on Old Taylor Road.
About Molly Barr Ridge – MBR’s units consist of 53, 3 bedrooms and 3 baths units. The complex contains a swimming pool, state of the art gym, and is located at the beginning of the Oxford Depot Trail (bike & walking) leading straight to campus. http://www.mollybarrridge.com/
About Molly Barr Trails – MBT’s units consists 72, 2 bedrooms and 2 baths units. The complex contains a swimming pool, state of the art gym, and is located at the beginning of the Oxford Depot Trail (bike & walking) leading straight to campus. http://www.mollybarrtrails.com/