Updated Oct 29, 2024
Westside Capital Acquires Multifamily Property In Jacksonville For $16.2M
8343 Hogan Rd, Jacksonville, FL 32216, USA
$16,200,000
$112/SF
Building Size
143,707 SF
Asset Type
MultiFamily
Closing
May 3, 2020
About this deal
AI
Westside Capital recently closed a transaction for a multifamily property located at 8343 Hogan Road in Jacksonville. The deal was facilitated by brokers Charles Foschini and Christopher Apone from Berkadia. The property consists of 176 units and was secured with a loan amount of $16,200,000 for a term of 10 years.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $16,200,000
- Address: 8343 Hogan Road
- Market: Jacksonville
- Landlord: Westside Capital
- Brokers: Charles Foschini & Christopher Apone – Berkadia
- Loan Terms: 10 years
- Units: 176
The successful completion of this transaction showcases the expertise of Charles Foschini and Christopher Apone from Berkadia, who represented the buyer and seller in this deal. It highlights their commitment to delivering exceptional results for their clients in the multifamily market in Jacksonville.
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
0.98%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93