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2951 Justina Road

Pango Villager Apratments LLC Acquires Multifamily Property In Jacksonville For $3.45M
SOLDMultiFamily

Pango Villager Apratments LLC Acquires Multifamily Property In Jacksonville For $3.45M

2951 Justina Road

$3,450,000

Building Size

Asset Type

MultiFamily

Closing

Mar 16, 2023

AI

The multifamily property located at 2951 Justina Road in Jacksonville has been sold for a total price of $3,450,000. Spanning across 1.42 acres, this property offers 40 units, resulting in a price per unit of $86,250. The transaction took place on 03/16/2023.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $3,450,000
  • Address: 2951 Justina Road, Jacksonville
  • Market: Jacksonville
  • Asset Type: Multifamily
  • Acres: 1.42

PANGO Villager Apratments LLC has acquired the property, with Pango Real Estate acting as the seller. The deal was facilitated by Luke McCann and Andrew Tyrrell of NAI Hallmark, serving as the brokers for both the buyer and seller.

Players

Luke McCann

NAI Global

Broker

$163.4M

vol

19 deals

Broker

Jacksonville 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

4.60%

Cash-on-Cash

-1.31%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93