Covenant Capital Group Acquires Multifamily Asset In Jacksonville For $19.6M

The multifamily property located at 4455 Confederate Point Road, Jacksonville, was recently sold. The transaction took place on 09/08/2021, with Covenant Capital Group LLC as the buyer. The property, consisting of 206 units, was sold for a price of $19,600,000, resulting in an average price per unit of $95,146. The sale was facilitated by brokers Mike Donaldson and Nick Meoli from Cushman & Wakefield.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $19,600,000
• Units: 206
• Price per Unit: $95,146
• Buyer: Covenant Capital Group LLC
• Brokers: Mike Donaldson & Nick Meoli - Cushman & Wakefield

This successful transaction highlights the involvement of Covenant Capital Group LLC as the buyer and the significant role played by brokers Mike Donaldson and Nick Meoli from Cushman & Wakefield in facilitating the sale.