Kimball Key LLC Acquires Multifamily Property In Jacksonville From Carter Funds For $49M
401 Monument Rd, Jacksonville, FL, USA
$49,000,000
$225/SF
Building Size
217,798 SF
Asset Type
MultiFamily
Closing
Jun 14, 2020
AI
A multifamily property located at 401 Monument Rd & 3000 Coronet Ln in Jacksonville has been sold. The transaction took place on June 14, 2021. The property consists of 422 units and is owned by Carter Funds.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $49,000,000
- Units: 422
- Price Per Unit: $116,114
- Market: Jacksonville
The buyer of the property is Kimball Key LLC. The sale was facilitated by brokers Cliff Taylor and Joe Ayers 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
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93