Broadshore Capital Partners Acquires 280-Unit Multifamily Property In Jacksonville For $37.1M
1710 Wells Road, Orange Park, FL, USA
$37,100,000
$163/SF
Building Size
227,234 SF
Asset Type
MultiFamily
Closing
Mar 29, 2020
AI
The multifamily property located at 1710 Wells Road in Jacksonville has been sold for a total price of $37,100,000. The transaction was completed on 03/30/2020. The property consists of 280 units, with a price per unit of $132,500.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $37,100,000
- Units: 280
- Price per Unit: $132,500
- Market: Jacksonville
Broadshore Capital Partners (Broadshore), represented by Brad Howe, acquired the property in the transaction.
Players
Orange Park 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
0.43%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93