Westmount Square Capital Acquires Multifamily Property In Jacksonville For $9.2M
6756 103rd Street, Jacksonville, FL, USA
$9,200,000
$144/SF
Building Size
63,584 SF
Asset Type
MultiFamily
Closing
Aug 14, 2021
AI
The multifamily property located at 6756 103rd Street in Jacksonville has been sold in a transaction. The sale was facilitated by John Rutherford from NAI Hallmark on behalf of the seller, Hyperion Endeavors, and the buyer, Westmount Square Capital. The property consists of 113 units and was sold for a price of $9,200,000, resulting in a price per unit of $81,416.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $9,200,000
- Address: 6756 103rd Street, Jacksonville
- Market: Jacksonville
John Rutherford, representing NAI Hallmark, played a key role in facilitating the sale of this multifamily property. The deal highlights the involvement of Westmount Square Capital as the buyer and Hyperion Endeavors as the seller. This transaction underscores the vibrant real estate market in Jacksonville.
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
1.72%
Cash-on-Cash
-0.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93