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6756 103rd Street, Jacksonv...

Westmount Square Capital Acquires Multifamily Property In Jacksonville For $9.2M
SOLDMultiFamily

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.

Players

John Rutherford

NAI Global

Broker

$191.8M

vol

18 deals

Broker
WC
Westmount Square CapitalBuyer

Jacksonville MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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