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Wildcat Group Acquires Multifamily Property In Jacksonville For $21M

Property Image
SOLD
$21,000,000
Joe Ayers
Francesco (Frank) Carriera
+ 1

Florida

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MultiFamily6,772 SF
Sold 06/22/2020
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Property Image
SOLD

Wildcat Group Acquires Multifamily Property In Jacksonville For $21M

3800 University Blvd S, Jacksonville, FL, USA

See Similar Deals
MultiFamily6,772 SF
Sold 06/22/2020
Joe Ayers
Francesco (Frank) Carriera
+ 1
Contact now

Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$3,101
Total Square Footage:6,772 SF
Transaction Type:Sale

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

Cliff Taylor
13 deals$606.8M volume
BROKER

Francesco (Frank) Carriera
CBRE
15 deals$1.5B volume
BROKER

Joe Ayers
CBRE
14 deals$624.3M volume
BROKER

Michael Regan
CBRE
14 deals$1.5B volume
BROKER

Details

SOLD
IMAGE: Francesco Carriera, Cliff Taylor, Joe Ayers & Michael Regan DATE: 06/22/2021 ADDRESS: 3800 University Blvd S MARKET: Jacksonville ASSET TYPE: Multifamily BUYER: Wildcat Group SELLER: JAX Esperanza LLC BROKERS: Cliff Taylor, Joe Ayers, Michael Regan & Francesco Carriera - CBRE SALE PRICE: $21,000,000 UNITS: 232 ~ PPU: $90,517

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,120,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$74,608.56
Cash-on-Cash Return-1.27%
Monthly Debt Service$99,550.71
Annual Debt Service$1,194,608.56