Updated Oct 29, 2024
Timuquana Affordable LLC Acquires Multifamily Property In Jacksonville For $8M
5615 Seaboard Ave, Jacksonville, FL 32244, USA
$8,000,000
$1/SF
Building Size
4,216,600 SF
Asset Type
MultiFamily
Closing
Aug 31, 2020
About this deal
AI
The multifamily property located at 5615 Seaboard Avenue in Jacksonville was recently sold on September 1, 2020. The property spans a total square footage of 421,660 and was sold for a price of $8,000,000, resulting in a price per square foot of $19.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $8,000,000
- Square Footage: 421,660
- Address: 5615 Seaboard Avenue
- Market: Jacksonville
The seller, SP Timuquana Limited Partnership, successfully closed the transaction with the buyer, Timuquana Affordable LLC.
The multifamily sale at 5615 Seaboard Ave, Jacksonville, FL 32244, USA in Jacksonville, Florida sold for $8M in 2020. The building is 4,216,600 square feet, implying about 1 per square foot on the published price. This page is the Jacksonville, Florida file for the 5615 Seaboard Ave, Jacksonville, FL 32244, 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 5615 Seaboard Ave, Jacksonville, FL 32244, USA around 2020. Published consideration for 5615 Seaboard Ave, Jacksonville, FL 32244, USA is $8M, dated 2020. Cite this Timuquana Affordable LLC Acquires Multifamily Property In Jacksonville For $8M 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
1.98%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93