CK Management LLC Acquires Multifamily Property On Sunbeam Road In Jacksonville For $23.7M
SOLD
$23,670,000
Florida
See Similar DealsMultiFamily139,618 SF
Sold 11/02/2020
SOLD
CK Management LLC Acquires Multifamily Property On Sunbeam Road In Jacksonville For $23.7M
4295 Sunbeam Road, Jacksonville, FL, USA
See Similar DealsMultiFamily139,618 SF
Sold 11/02/2020
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$169
Total Square Footage:139,618 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,262,400.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$84,094.51
Cash-on-Cash Return-1.27%
Monthly Debt Service$112,207.88
Annual Debt Service$1,346,494.51
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