ROI Capital Group Acquires Multifamily Property In Jacksonville For $66M

A multifamily property located at 5327 Timuquana Rd in Jacksonville has been sold for $66,000,000. The property spans across 488,000 square feet, resulting in a price per square foot of $135. The sale took place on 09/07/2022, and the buyer of the property is ROI Capital Group.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $66,000,000
• Address: 5327 Timuquana Rd
• Market: Jacksonville

The sellers of the property were TOPAZ Capital Group represented by Marc A. Hershberg and LYND Companies represented by David Lynd. The brokers involved in the deal were Greg Rainey and Cole Whitaker from Berkadia.