PRG Real Estate Acquires 300-Unit Multifamily In Town Center, Jacksonville For $84.25M
8649 A C Skinner Pkwy, Jacksonville, FL 32256, USA
Units
300
Asset Type
—
Closing
Nov 14, 2022
About this deal
AI
A multifamily property located at 8649 A C Skinner Pkwy in Town Center, Jacksonville has been sold for a price of $84,250,000. The property consists of 300 units, resulting in a per unit price of $280,833.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $84,250,000
- Units: 300
- Price Per Unit: $280,833
The buyer of the property is PRG Real Estate, while the seller is Momentum Real Estate Partners, represented by Mauricio & Eduardo Gruener, Co-Founders & Co-CEOs.
Traded’s record for 8649 A C Skinner Pkwy, Jacksonville, FL 32256, USA in Jacksonville, Florida covers a commercial sale from 2022. This page is the Jacksonville, Florida file for the 8649 A C Skinner Pkwy, Jacksonville, FL 32256, USA commercial sold: pricing, party profiles, and other closed commercial comps from the same Jacksonville sit in the Market section below. Filter that Jacksonville commercial set by closing date to see what else sold near 8649 A C Skinner Pkwy, Jacksonville, FL 32256, USA around 2022. Cite this PRG Real Estate Acquires 300-Unit Multifamily In Town Center, Jacksonville For $84.25M sale when underwriting similar commercial product around Jacksonville, Florida.
On the Map
Players
Jacksonville CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93