Jazco Property Management RAS Realty Partners Klein Enterprises Buy Exchange At Orange Park Apartments For $52M
Florida
See Similar DealsJazco Property Management RAS Realty Partners Klein Enterprises Buy Exchange At Orange Park Apartments For $52M
4925 Collins Road
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The multifamily property located at 4925 Collins Road in Jacksonville comprises 312 units across 16.84 acres. The asset was sold for $52 million, equating to $166,667 per unit. It was constructed in 2023 and is recognized as the Exchange at Orange Park apartments.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $52,000,000
- Address: 4925 Collins Road
- Market: Jacksonville
- Square Footage: 312
- Price Per Square Foot: $166,667
- Buyer: Jazco Property Management, RAS Realty Partners & Klein Enterprises
- Seller: Hathaway Development
- Lender: MF1 Capital
- Financing Amount: $44,800,000
The deal involved buyers Jazco Property Management, RAS Realty Partners, and Klein Enterprises, who financed the acquisition with a mortgage from MF1 Capital. Hathaway Development acted as the seller in this transaction, marking a significant event in the Jacksonville real estate market.
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