ApexOne Investment Partners Acquires Multifamily Property In Jacksonville For $65.8M
11723 Wells Creek Parkway, Jacksonville, Florida 32256, United States
$65,800,000
$45,442/SF
Building Size
1,448 SF
Asset Type
MultiFamily
Closing
May 30, 2022
AI
11723 Wells Creek Parkway in Jacksonville has been sold in a recent transaction. The property is a multifamily asset and was sold for a total price of $65,800,000. It consists of 280 units, and the price per unit comes out to be $235,000.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $65,800,000
- Address: 11723 Wells Creek Parkway
- Market: Jacksonville
- Buyer: ApexOne Investment Partners - Jim Hearn & Tim Burns
- Seller: Jax Philips Hwy Apts LLC
- Units: 280
- Price Per Unit: $235,000
The buyers of 11723 Wells Creek Parkway were ApexOne Investment Partners, represented by Jim Hearn & Tim Burns. The seller was Jax Philips Hwy Apts LLC.
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
0.24%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93