Maryland Management Company Acquires Multifamily Property On Arrowhead Drive In Jacksonville For $22.8M
10101 Arrowhead Dr, Jacksonville, FL 32257, USA
$22,800,000
$107/SF
Building Size
212,591 SF
Asset Type
MultiFamily
Closing
Aug 8, 2020
AI
The multifamily property located at 10101 Arrowhead Drive in Jacksonville was recently sold for a total price of $22,800,000. The transaction took place on August 9, 2020, and involved a total of 200 units. The price per unit was approximately $114,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $22,800,000
- Address: 10101 Arrowhead Drive
- Market: Jacksonville
The buyer in this transaction was Maryland Management Company. The deal was facilitated by the brokers Joe Ayers and Cliff Taylor from CBRE.
Jacksonville MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.70%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93