Updated Oct 28, 2024
JTA Real Properties Acquires 88-Unit Multifamily In Jacksonville For $7.4M
5641 California Avenue, Jacksonville, FL, USA
$7,400,000
$111/SF
Building Size
66,172 SF
Asset Type
MultiFamily
Closing
Sep 3, 2021
About this deal
AI
Located at 5641 California Avenue in Jacksonville, this multifamily property was recently sold in a closed transaction. The deal was facilitated by brokers John Rutherford and Vaughn Goebel of NAI Hallmark on behalf of the buyer JTA Real Properties. The sale took place on September 3, 2021.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $7,400,000
- Units: 88
- Price Per Unit: $84,091
This transaction highlights the collaborative efforts of John Rutherford and Vaughn Goebel from NAI Hallmark, who successfully represented JTA Real Properties in acquiring this multifamily property at 5641 California Avenue. The deal demonstrates their expertise in the Jacksonville market and their ability to negotiate a favorable price of $7,400,000 for the buyer.
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
2.14%
Cash-on-Cash
-0.61%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93