Updated Oct 28, 2024
FinCapital Investments Acquires Multifamily Property In Jacksonville From Simplicity Capital
4070 Barnes Road South, Jacksonville, Florida 32207, United States
$20,150,000
Units
185
Asset Type
MultiFamily
Closing
Dec 31, 2021
About this deal
AI
The multifamily property located at 4070 Barnes Road South and 1600 Lansdowne Drive in Jacksonville has been sold. The transaction took place on December 31, 2021.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $20,150,000
- Units: 185
- Price per Unit (PPU): $108,919
- Market: Jacksonville
The buyer of the property is FinCapital Investments, while the seller is Simplicity Capital. The deal was facilitated by brokers John Rutherford and Luke McCann from NAI Hallmark.
Luke McCann and John Rutherford represented the buyer and seller respectively in the transaction.
On the Map
$20,150,000
MultiFamily
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Players
Jacksonville MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.79%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93