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

Property Image
SOLD
$40,000,000
Matt Wilcox
Brett Moss
+ 2

Florida

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MultiFamily900 SF
Sold 08/06/2021
the dealplayerscompscontact
Property Image
SOLD

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

3709 San Pablo Road South, Jacksonville, FL, USA

See Similar Deals
MultiFamily900 SF
Sold 08/06/2021
Matt Wilcox
Brett Moss
+ 2
Contact now

Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$44,444
Total Square Footage:900 SF
Transaction Type:Sale

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
17 deals$888.2M volume(407) 481-2126
BROKER

Jason Stanton
Berkadia
12 deals$565.6M volume(727) 674-4097
BROKER

Matt Wilcox
Berkadia
6 deals$439.3M volume
BROKER

Brett Moss
Berkadia
11 deals$912.8M volume
BROKER

Greg Rainey
Cushman & Wakefield
8 deals$253.2M volume
BROKER

SELLER

Details

SOLD
IMAGE: Greg Rainey, Matt Wilcox, Brett Moss, Cole Whitaker & Jason Stanton DATE: 08/06/2021 ADDRESS: 3709 San Pablo Road S MARKET: Jacksonville ASSET TYPE: Multifamily SELLER: InvestRes BROKERS: Greg Rainey, Matt Wilcox, Brett Moss, Cole Whitaker & Jason Stanton - Berkadia SALE PRICE: $40,000,000 UNITS: 200 ~ PPU: $200,000

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$142,111.56
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