Abacus Capital Group Acquires Multifamily Property In Avondale, Jacksonville For $63M

The multifamily property located at 3946 St. Johns Ave in Avondale, Jacksonville has been sold for a transaction amount of $63,000,000. The property consists of 228 units, resulting in a price per unit of $276,315. The sale took place on 08/06/2021.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $63,000,000
• Address: 3946 St. Johns Ave, Avondale, Jacksonville
• Market: Avondale, Jacksonville
• Buyer: Abacus Capital Group
• Seller: Chance Partners - Judd Bobilin
• Brokers: Brian Moulder, Bobby Gatling & Dhaval Patel - Walker & Dunlop
• Date: 08/06/2021
• Units: 228
• Price Per Unit: $276,315

The sale of this multifamily property was facilitated by brokers Brian Moulder, Bobby Gatling, and Dhaval Patel from Walker & Dunlop. They represented the buyer and seller, Abacus Capital Group and Chance Partners - Judd Bobilin, respectively.