Updated Oct 28, 2024
Westmount Square Capital & Miramar Capital Acquire Multifamily Property In Jacksonville For $45.1M
5885 Edenfield Road, Jacksonville, FL 32277
$45,100,000
$2,974/SF
Building Size
15,161 SF
Asset Type
MultiFamily
Closing
Oct 29, 2021
About this deal
AI
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $45,100,000
- Date: 10/29/2021
- Address: 5885 Edenfield Road
- Market: Jacksonville
- Acres: 14
Located at 5885 Edenfield Road in Jacksonville, this multifamily property spans 14 acres. The transaction took place on October 29, 2021, and involved a sale of the property.
The property was sold for a total of $45,100,000. It consists of 332 units, with a price per unit of $135,843.
Westmount Square Capital and Miramar Capital acted as the buyers in this transaction, while Savlan Capital served as the seller. NAI Hallmark represented both parties, with John Rutherford and Luke McCann acting as the brokers.
On the Map
$45,100,000
$2,974/SF
MultiFamily
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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
0.35%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93