CK Management LLC Acquires Multifamily Property On Sunbeam Road In Jacksonville For $23.7M
4295 Sunbeam Road, Jacksonville, FL, USA
$23,670,000
$169/SF
Building Size
139,618 SF
Asset Type
MultiFamily
Closing
Nov 1, 2020
AI
The Multifamily property located at 4295 Sunbeam Road in Jacksonville has been sold for $23,670,000. The sale took place on November 2, 2020. The property consists of 263 units, with a price per unit of $90,000. The transaction was facilitated by brokers Cliff Taylor and Joe Ayers from CBRE.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $23,670,000
- Address: 4295 Sunbeam Road
- Market: Jacksonville
CK Management LLC purchased the property from Main Street Residential Sunbeam LLC. The deal was brokered by Cliff Taylor and Joe Ayers from CBRE.
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
0.67%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93