Updated Jun 11, 2025
Jeff Tucker Of Mesa Capital Partners Acquires Multifamily Asset From Ryan Holmes Of RISE Properties For $59.54M
12397 San Jose Boulevard
$59,540,000
Units
260
Asset Type
MultiFamily
Closing
Jun 11, 2025
About this deal
AI
The multifamily asset located at 12397 San Jose Boulevard in Jacksonville encompasses 8.67 acres. The property was sold for $59,540,000, which translates to $229,000 per unit. It has a total of 260 residential units and was built in 2022, featuring various high-end amenities along with rent prices ranging from $1,450 to $4,672.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $59,540,000
- Buyer: Jeff Tucker - Mesa Capital Partners
- Seller: Ryan Holmes - RISE Properties
- Units: 260
- Price Per Unit: $229,000
- Market: Jacksonville
- Asset Size: 8.67 acres
Jeff Tucker represents Mesa Capital Partners in this acquisition, marking the company’s return to the local market after this purchase. Ryan Holmes represents RISE Properties, which successfully sold this complex as part of its portfolio.
Jacksonville MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Jeff Tucker to view all their deals.
Browse Jacksonville multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.27%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93