Updated Oct 28, 2024
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
About this deal
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.
On the Map
$40,000,000
$44,444/SF
MultiFamily
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Players
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