Inman Equities Acquires Multifamily Property In Jacksonville For $27.5M
SOLD
$27,500,000
Florida
See Similar DealsMultiFamily242,560 SF
Sold 05/27/2020
SOLD
Inman Equities Acquires Multifamily Property In Jacksonville For $27.5M
11291 Harts Rd, Jacksonville, FL, USA
See Similar DealsMultiFamily242,560 SF
Sold 05/27/2020
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$113
Total Square Footage:242,560 SF
Transaction Type:Sale
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
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,466,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$97,701.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$130,364.03
Annual Debt Service$1,564,368.36
Is there something missing? Send suggestions