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3709 San Pablo Road South, ...

InvestRes Sells 200-Unit Multifamily Property In Jacksonville For $40M With Berkadia Brokers
SOLDMultiFamily

InvestRes Sells 200-Unit Multifamily Property In Jacksonville For $40M With Berkadia Brokers

3709 San Pablo Road South, Jacksonville, FL, USA

$40,000,000

$44,444/SF

Building Size

900 SF

Asset Type

MultiFamily

Closing

Aug 5, 2021

AI

InvestRes has sold a multifamily property located at 3709 San Pablo Road S in Jacksonville. The property, consisting of 200 units, was sold for a total price of $40,000,000, resulting in a per unit price of $200,000.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $40,000,000
  • Units: 200
  • Price Per Unit: $200,000
  • Address: 3709 San Pablo Road S, Jacksonville
  • Market: Jacksonville

The sale of this multifamily property was facilitated by Greg Rainey, Matt Wilcox, Brett Moss, Cole Whitaker, and Jason Stanton from Berkadia acting as brokers for InvestRes.

Players

Cole Whitaker

Berkadia

Broker

$888.2M

vol

17 deals

Broker
I
InvestResSeller

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

0.40%

Cash-on-Cash

-0.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93