StoneRiver Company Acquires 240-Unit Multifamily Property In Town Center, Jacksonville For $58.4M

A multifamily property located at 5140 Gate Pkwy N in the Town Center of Jacksonville has been sold for a total of $58,400,000. The property consists of 240 units, with each unit having an average price of $243,333.

Summary of transaction details

• Property Type: Multifamily
• Sale Price: $58,400,000
• Units: 240
• Price per Unit: $243,333
• Address: 5140 Gate Pkwy N, Town Center, Jacksonville
• Market: Town Center, Jacksonville

The buyer for this transaction is the StoneRiver Company, while the seller is Momentum Real Estate Partners, represented by Mauricio Gruener and Eduardo Gruener, Co-Founders and Co-CEOs, as well as Jeff Carron, Managing Director.