Updated Oct 29, 2024
American Landmark Apartments Acquires Multifamily Property In Jacksonville For $50.5M
4435 Touchton Road East
$50,500,000
Units
282
Asset Type
MultiFamily
Closing
Dec 17, 2020
About this deal
AI
A multifamily property located at 4435 Touchton Road in Jacksonville has been sold in a transaction valued at $50,500,000. The property consists of 282 units, with a per unit price of $179,078. The sale took place on December 17, 2020.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $50,500,000
- Units: 282
- Price Per Unit: $179,078
The buyer of the property is American Landmark Apartments, while Lloyd Jones Capital acted as the seller. The brokerage team representing the transaction included Brian Moulder, Bobby Gatling, and Dhaval Patel from Walker & Dunlop.
On the Map
$50,500,000
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
0.31%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93