Updated Sep 29, 2026
Preferred Apartment Communities, Inc. Acquires Multifamily Property In Jacksonville For $16.6M
11390 Square St, Jacksonville, FL, USA
$16,600,000
$12,205/SF
Building Size
1,360 SF
Asset Type
MultiFamily
Closing
Oct 22, 2021
About this deal
AI
The multifamily property located at 11390 Square St in Jacksonville has been involved in a recent closed transaction. The property consists of 337 units and is owned by Preferred Apartment Communities, Inc., with John Isakson serving as the landlord.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $16,600,000 (Approx.)
- Address: 11390 Square St, Jacksonville
- Market: Jacksonville
- Units: 337
The transaction involved a construction loan of approximately $16,600,000. The loan type is construction, indicating that it was specifically secured for the purpose of financing the construction or development of the property.
On the Map
$16,600,000
$12,205/SF
MultiFamily
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Players
Jacksonville MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.96%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93