Wildcat Group Acquires Multifamily Property In Jacksonville For $21M
3800 University Blvd S, Jacksonville, FL, USA
$21,000,000
$3,101/SF
Building Size
6,772 SF
Asset Type
MultiFamily
Closing
Jun 22, 2020
AI
The multifamily property located at 3800 University Blvd S in Jacksonville was recently sold for a price of $21,000,000. The sale took place on 06/22/2021 and involved a total of 232 units. With a price per unit (PPU) of $90,517, this transaction represents a significant investment in the local real estate market.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $21,000,000
- Address: 3800 University Blvd S, Jacksonville
- Market: Jacksonville
The buyer of the property was Wildcat Group, while JAX Esperanza LLC acted as the seller in this deal. The transaction was facilitated by the brokers Cliff Taylor, Joe Ayers, Michael Regan, and Francesco Carriera from CBRE.
Players
Jacksonville MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.76%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93