Measured Capital Acquires Hidden Oaks Multifamily In Jacksonville For $5.95M

The sale involved the Hidden Oaks Apartments, a multifamily property located at 10825 Key Haven Boulevard in Jacksonville. The property consists of 64 two-bedroom units and was sold for $5.95 million in a transaction between Measured Capital and Key Haven Partners.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $5,950,000
• Units: 64
• Price Per Unit: $92,969
• Address: 10825 Key Haven Boulevard
• Market: Jacksonville

The deal was facilitated by brokers John Rutherford and Luke McCann of NAI Hallmark. Measured Capital, a California-based real estate firm, acquired the property from Key Haven Partners. The buyer plans to implement significant upgrades to the complex, focusing on improvements to the exterior, interior, and community spaces. The strategic enhancements aim to better cater to the area's growing employment base, which includes Baptist Health and Florida State College.