Updated Dec 20, 2023
Westmount Square Capital Acquires Multifamily Property In Jacksonville For $25.8M With Buyer's Rep Jonathan Tauber & Mark McGregor
1251 Beacon Point Drive, Jacksonville, Florida 32246, United States
$25,800,000
$2,427/SF
Building Size
10,628 SF
Asset Type
MultiFamily
Closing
Jan 30, 2022
About this deal
AI
The multifamily property located at 1251 Beacon Point Dr in Jacksonville has been sold for $25,800,000. The transaction took place on January 31, 2022. The property consists of 159 units, with a price per unit of $162,264.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $25,800,000
- Address: 1251 Beacon Point Dr
- Market: Jacksonville
- Buyer: Westmount Square Capital - Jonathan Tauber & Mark McGregor; Miramar Capital
- Seller: N/A
- Broker: Dhaval Patel - Walker & Dunlop
- Date: January 31, 2022
The buyer of the property is Westmount Square Capital, represented by Jonathan Tauber and Mark McGregor, along with Miramar Capital. The transaction was facilitated by broker Dhaval Patel from Walker & Dunlop.
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
0.61%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93