Bridge Investment Group Acquires 260-Unit Multifamily Property In Jacksonville For $45M

The multifamily property located at 7200 Powers Ave in Jacksonville was recently sold in a closed transaction. The property spans across 15 acres and consists of 260 units. The sale price for this transaction was $45,000,000, resulting in a per unit price of $173,077.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $45,000,000
• Address: 7200 Powers Ave, Jacksonville
• Market: Jacksonville
• Acres: 15

The buyer in this transaction was Bridge Investment Group, represented by Robert Morse & Jonathan Slager. The seller was Morgan Properties.

Robert Morse & Jonathan Slager of Bridge Investment Group acted as the buyer's representatives in this deal, facilitating the successful transaction.