Cohen-Esrey Acquires Bartram Park Multifamily Complex In Florida For $75.5M
13525 Bartram Park Boulevard
$75,000,000
Units
75,500,000
Asset Type
—
Closing
May 2, 2023
About this deal
AI
A multifamily property located at 13525 Bartram Park Boulevard in Jacksonville, Florida has been sold in a closed transaction. The property spans across 19.67 acres and consists of 20 buildings with a total of 323 units.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $75,500,000
- Units: 323
- Price Per Unit: $233,746
- Date: 05/02/2023
- Market: Jacksonville
- Buyer: Cohen-Esrey - Lee Harris
- Seller: Centennial Holding Co.
- Lender: Berkeley Point Capital
The buyer in this transaction is Cohen-Esrey, a Merriam-based firm, represented by Lee Harris. The seller is Centennial Holding Co. Berkeley Point Capital provided the financing for the sale of the property.
It is worth noting that the Bartram Park apartment complex was previously sold in 2019 for $57.7 million.
On the Map
$75,000,000
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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
0.21%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93