Sureste Property Group Acquires Multifamily Property In Orange Park For $17.5M

The multifamily property located at 401 Loring Ave & 1800 Kingsley Ave in Orange Park has been sold in a recent transaction. The property spans over 8.75 acres and consists of 134 units. The sale was facilitated by Joe Ayers from CBRE, representing the buyer, Sureste Property Group, and the seller, Greyson Capital Group. The transaction took place on August 29, 2022.

Summary of transation details

• Property Type: Multifamily
• Sale Price: $17,500,000
• Units: 134
• Price per Unit (PPU): $130,597
• Address: 401 Loring Ave & 1800 Kingsley Ave
• Market: Orange Park
• Broker: Joe Ayers - CBRE

This successful transaction showcases the expertise and negotiation skills of Joe Ayers from CBRE. With the sale of the property, Sureste Property Group has acquired a valuable multifamily asset in Orange Park. Greyson Capital Group, the seller, has successfully closed the deal, securing a substantial price for their property.