Updated Oct 28, 2024
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
About this deal
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.
On the Map
$27,500,000
$113/SF
MultiFamily
View full map
Players
Jacksonville MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Benjamin Inman to view all their deals.
Browse Florida multifamily sales on Traded.
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