Fincapital Investments LLC Acquires 138-Unit Multifamily In Lakewood, Jacksonville For $17.85M

A multifamily property located at 3534 Smithfield St in Lakewood, Jacksonville has been sold in a closed transaction. The property covers an area of 8.7 acres and was sold for a price of $17,850,000. The sale included a total of 138 units, resulting in a price per unit (PPU) of $129,348.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $17,850,000
• Address: 3534 Smithfield St
• Market: Lakewood, Jacksonville
• Asset Type: Multifamily
• Acres: 8.7

The buyer of the property was Fincapital Investments LLC, while the seller was Jax San Jose Apts. LP. The transaction was facilitated by broker John Rutherford from NAI Hallmark.