PRG Real Estate Acquires 300-Unit Multifamily In Town Center, Jacksonville For $84.25M
8649 A C Skinner Pkwy, Jacksonville, FL 32256, USA
Building Size
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Asset Type
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Closing
Nov 14, 2022
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.
Players
Jacksonville CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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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