BJB Partners Acquires 328-Unit Multifamily Property In Jacksonville For $34.9M

The multifamily property located at 1721 Anniston Road in Jacksonville has been sold in a recent transaction. Spanning over an impressive 17.1 acres, this property offers a significant amount of space for residential purposes. The sale of this property marks another successful deal in the thriving real estate market of Jacksonville.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $34,900,000
• Address: 1721 Anniston Road
• Market: Jacksonville
• Acres: 17.1

BJB Partners emerged as the buyer, while Strategic Holdings acted as the seller in this transaction. The deal was facilitated by Greg Rainey and David Etchison from Berkadia, who represented the parties involved. Their expertise and valuable insights played a crucial role in the successful completion of this property sale.

Rialto Capital Management served as the lender for this transaction, providing the necessary financial support for the buyer to acquire the property.

The property consists of 328 units, offering a considerable number of residential spaces. With a per unit price of $106,402, this transaction highlights the substantial value of the property in question.