Eric Auslander's Morgan Properties Acquires 4,102-Unit Multifamily In Jacksonville For $648M

The multifamily property located at 1701 San Pablo Rd S in Jacksonville has been sold in a recent transaction. The property spans a total of 3,892,798 square feet and consists of 4,102 units. The sale price for this transaction was $648,000,000, resulting in a per unit price of $157,972 and a price per square foot of $166.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $648,000,000
• Units: 4,102
• Price per Unit: $157,972
• Total Square Footage: 3,892,798
• Price per Square Foot: $166

The buyer in this transaction is Eric Auslander, represented by Morgan Properties. The seller is Middle Street Partners, and Eastdil Secured acted as the broker for the deal.