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11291 Harts Rd, Jacksonvill...

Inman Equities Acquires Multifamily Property In Jacksonville For $27.5M
SOLDMultiFamily

Inman Equities Acquires Multifamily Property In Jacksonville For $27.5M

11291 Harts Rd, Jacksonville, FL, USA

$27,500,000

$113/SF

Building Size

242,560 SF

Asset Type

MultiFamily

Closing

May 27, 2020

AI

Located at 11291 Harts Rd in Jacksonville, this multifamily property was recently sold. The transaction took place on May 27, 2021, and the sale was facilitated by Harvest Holdings as the seller. The property was purchased by Inman Equities, represented by Benjamin Inman.

Summary of transaction details

  • Property Type: Multifamily
  • Sale Price: $27,500,000
  • Units: 288
  • Price per Unit: $95,486

Benjamin Inman of Inman Equities played a key role in the deal as the buyer's representative. The property, consisting of 288 units, was sold for a price of $27,500,000, resulting in a price per unit of $95,486.

Players

Benjamin Inman

Inman Equities

Buyer

$56.8M

vol

2 deals

Buyer
HH
Harvest HoldingsSeller

Jacksonville MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.58%

Cash-on-Cash

-0.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93