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JTA Real Properties Acquires 88-Unit Multifamily In Jacksonville For $7.4M

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SOLD
$7,400,000

Florida

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MultiFamily66,172 SF
Sold 09/03/2021
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Property Image
SOLD

JTA Real Properties Acquires 88-Unit Multifamily In Jacksonville For $7.4M

5641 California Avenue, Jacksonville, FL, USA

See Similar Deals
MultiFamily66,172 SF
Sold 09/03/2021
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Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$111
Total Square Footage:66,172 SF
Transaction Type:Sale

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

John Rutherford
18 deals$191.8M volume
BROKER

Vaughn Goebel
NAI Global
1 deal$7.4M volume
BROKER

Details

SOLD
IMAGE: John Rutherford & Vaughn Goebel DATE: 09/03/2021 ADDRESS: 5641 California Avenue MARKET: Jacksonville ASSET TYPE: Multifamily BUYER: JTA Real Properties BROKERS: John Rutherford & Vaughn Goebel - NAI Hallmark SALE PRICE: $7,400,000 UNITS: 88 ~ PPU: $84,091

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