Updated Oct 28, 2024
M1 Properties LP Acquires Multifamily Property In Jacksonville For $37.75M
11291 Harts Rd 100th, Jacksonville, Florida 32218, United States
$37,750,000
Units
288
Asset Type
MultiFamily
Closing
Jan 24, 2022
About this deal
AI
A multifamily property located at 11291 Hatrs Road in Jacksonville has been sold in a transaction valued at $37,750,000. The property consists of 288 units, resulting in a per unit price of $131,076. The sale took place on January 24, 2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $37,750,000
- Address: 11291 Hatrs Road, Jacksonville
The buyer of the property is M1 Properties LP, while the seller is Inman Equities. The deal was facilitated by brokers Nick Meoli and Mike Donaldson from Cushman & Wakefield.
On the Map
$37,750,000
MultiFamily
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Players
Jacksonville MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.42%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93