Updated Oct 28, 2024
Westcreek Apartments LLC Sells Multifamily Asset In Jacksonville For $6M
5601 California Avenue, Jacksonville, FL, USA
$6,000,000
$164/SF
Building Size
36,576 SF
Asset Type
MultiFamily
Closing
Oct 20, 2021
About this deal
AI
The Westcreek Apartments LLC property located at 5601 California Avenue in Jacksonville has been sold in a multifamily asset transaction. The sale was facilitated by Luke McCann and John Rutherford from NAI Hallmark. The transaction took place on 10/20/2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $6,000,000
- Units: 72
- Price Per Unit: $83,333
Luke McCann and John Rutherford, representing NAI Hallmark, played key roles as brokers in this transaction.
The multifamily sale at 5601 California Avenue, Jacksonville, FL, USA in Jacksonville, Florida sold for $6M in 2021. Reported inventory is 36,576 square feet across 72 units, or about 164 per square foot. Luke McCann, John Rutherford, NAI Global appear on the sale alongside NAI Global. This page is the Jacksonville, Florida file for the 5601 California Avenue, Jacksonville, FL, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Jacksonville sit in the Market section below. Filter that Jacksonville multifamily set by closing date to see what else sold near 5601 California Avenue, Jacksonville, FL, USA around 2021. Published consideration for 5601 California Avenue, Jacksonville, FL, USA is $6M, dated 2021. Cite this Westcreek Apartments LLC Sells Multifamily Asset In Jacksonville For $6M sale when underwriting similar multifamily product around Jacksonville, Florida.
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
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93