Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, recently announced the sale of 805 Harmon Heights Apartments and Condos, a 100-unit multifamily community in Valdosta. The asset sold for $18.25 million. 

“This was a tremendous opportunity,” said John E. Brigel, senior vice president investments in Marcus & Millichap’s Tampa office. “In more than 20 years in the business, I’ve rarely seen an asset with such exceptional historical and current operating metrics. Bobby Diaz, the builder and operator, developed an outstanding property and management team that excelled across the board. The buyer, from Tennessee, had previously purchased a nearby property through me and recognized the unique quality of this asset. He acted quickly, paying the full list price of $182,500 per unit — a record-setting figure for South Georgia.” 

Brigel exclusively marketed the property on behalf of the seller, Bobby Diaz, builder and operator of Diaz Construction LLC, and procured the buyer from Tennessee. John Leonard is Marcus & Millichap’s broker of record in Georgia. 

Located at 805 Harmon Drive, the 113,600-square-foot property is a recently upgraded apartment community with one-, two- and three-bedroom units across nine buildings. Built in phases from 2009 to 2021, the property has undergone extensive renovations, including new cabinetry, countertops, stainless steel appliances, modernized flooring and enhanced security. It is near major employers, including South Georgia Medical Center, Moody Air Force Base and Valdosta State University.