American Landmark Acquires Multifamily Property In Jacksonville For $65.2M

A multifamily property located at 6505 Collins Rd in Jacksonville has been sold in a recent transaction. The property, consisting of 226 units, was sold for a total price of $65,250,000, resulting in an average price per unit of $288,717. The sale was facilitated by brokers Erik Bjornson & Tyler Nilsson from Newmark.

Summary of Transaction Details

• Property Type: Multifamily
• Transaction Amount: $65,250,000
• Address: 6505 Collins Rd
• Market: Jacksonville
• Buyer: American Landmark
• Seller: Arlington Properties
• Brokers: Erik Bjornson & Tyler Nilsson - Newmark
• Units: 226
• Average Price Per Unit: $288,717

American Landmark acquired the multifamily property located at 6505 Collins Rd in Jacksonville from Arlington Properties. The transaction, facilitated by brokers Erik Bjornson & Tyler Nilsson from Newmark, resulted in a sale price of $65,250,000. The property consists of 226 units and was sold at an average price per unit of $288,717.