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6595 San Juan Avenue, Jacks...

Inman Equities Sells Multifamily Property In Jacksonville For $8.6M
SOLDMultiFamily

Inman Equities Sells Multifamily Property In Jacksonville For $8.6M

6595 San Juan Avenue, Jacksonville, Florida 32210, United States

$8,600,000

Building Size

Asset Type

MultiFamily

Closing

Mar 30, 2022

AI

A multifamily property located at 6595 San Juan Ave in Jacksonville has been sold for a total price of $8,600,000. The property sits on approximately 3.1 acres and consists of 80 units. This translates to a price per unit of $107,500. The sale was facilitated by brokers Luke McCann and John Rutherford of NAI Hallmark, representing the seller, Inman Equities.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $8,600,000
  • Address: 6595 San Juan Ave
  • Market: Jacksonville
  • Total Acres: 3.1

The sale of this multifamily property was successfully executed by Luke McCann and John Rutherford from NAI Hallmark, who served as the brokers representing Inman Equities. The transaction demonstrates their expertise and ability to navigate the real estate market in Jacksonville.

Players

John Rutherford

NAI Global

Broker

$191.8M

vol

18 deals

Broker
IE
Inman EquitiesSeller

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

1.84%

Cash-on-Cash

-0.53%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93