Robbins Real Estate Acquires 147-Unit Multifamily In Jacksonville For $35.4M

An investment property located at 1444 Home St. in Jacksonville has been sold in a recent transaction. The multifamily asset, consisting of 147 units, was purchased by Robbins Real Estate for a total sale price of $35,375,000. This equates to an average price per unit of $240,646. The sale was facilitated by Newmark, with Erik Bjornson and Tyler Nilsson serving as brokers.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $35,375,000
• Units: 147
• Price Per Unit: $240,646

Catalyst Development Partners, represented by Rob Meyer, acted as the seller in this transaction. The involvement of Catalyst Development Partners highlights their role in the deal. Erik Bjornson and Tyler Nilsson from Newmark served as brokers, facilitating the transaction between the buyer, Robbins Real Estate, and the seller.