Updated Oct 29, 2024
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
About this deal
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.
The multifamily sale at 1710 Wells Road, Orange Park, FL, USA in Orange Park, Florida sold for $37.1M in 2020. Reported inventory is 227,234 square feet across 280 units, or about 163 per square foot. This page is the Orange Park, Florida file for the 1710 Wells Road, Orange Park, FL, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Orange Park sit in the Market section below. Filter that Orange Park multifamily set by closing date to see what else sold near 1710 Wells Road, Orange Park, FL, USA around 2020. Published consideration for 1710 Wells Road, Orange Park, FL, USA is $37.1M, dated 2020. Cite this Broadshore Capital Partners Acquires 280-Unit Multifamily Property In Jacksonville For $37.1M sale when underwriting similar multifamily product around Orange Park, Florida.
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