Shoreline Capital Acquires Multifamily Property In Jacksonville For $7.35M

The recently closed multifamily transaction in Jacksonville, located at 1057 Broward Rd, has caught the attention of real estate enthusiasts. This property, spanning 70,000 square feet, offers a total of 192 units. The deal was facilitated by Shoreline Capital - Ariel Licht & Benny Druin as the buyer's representatives, representing the buyer's interest in the transaction. The seller, Hillary Holland, played a pivotal role in the successful completion of the deal. The asset type, multifamily, made this transaction a lucrative opportunity for both parties involved.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $7,350,000
• Buyer: Shoreline Capital - Ariel Licht & Benny Druin
• Seller: Hillary Holland
• Units: 192
• Price per Unit: $38,281
• Square Footage: 70,000
• Price per Square Foot: $105

The involvement of Shoreline Capital - Ariel Licht & Benny Druin as the buyer's representatives reflects the strategic approach taken by the buyers to ensure a successful transaction. The meticulous attention to detail and market expertise demonstrated by Shoreline Capital - Ariel Licht & Benny Druin played a crucial role in securing this property. With a total of 192 units and a sale price of $7,350,000, this multifamily transaction showcases the robust demand for real estate in Jacksonville's market.