Updated Dec 19, 2023
Horn Topaz LLC & Topaz Gardens JAX BH LLC Acquires Multifamily Asset In Jacksonville For $18.75M
7350 Blanding Blvd, Jacksonville, FL 32244, USA
$18,750,000
$8/SF
Building Size
2,105,960 SF
Asset Type
MultiFamily
Closing
Sep 13, 2020
About this deal
AI
The multifamily property located at 7350 Blanding Blvd. in Jacksonville was recently sold on September 14, 2020. The property consists of 216 units with a total square footage of 210,596. The transaction was closed at a price of $18,750,000, resulting in a price per square foot of $89. The buyer of the property was Horn Topaz LLC & Topaz Gardens JAX BH LLC.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $18,750,000
- Square Footage: 210,596
- Price per Square Foot: $89
- Number of Units: 216
- Buyer: Horn Topaz LLC & Topaz Gardens JAX BH LLC
The sale of the property on 7350 Blanding Blvd. in Jacksonville was facilitated by Horn Topaz LLC & Topaz Gardens JAX BH LLC. They represented the buyer in this transaction, ensuring a successful deal for all parties involved.
Players
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
0.85%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93