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7385 Park Village Drive

Viewpoint Equities Acquires Multifamily Property In Jacksonville From Hines For $75M
SOLDMultiFamily

Viewpoint Equities Acquires Multifamily Property In Jacksonville From Hines For $75M

7385 Park Village Drive

$75,000,000

Building Size

Asset Type

MultiFamily

Closing

Jun 1, 2020

AI

The multifamily property located at 7385 Park Village Drive in Jacksonville was recently sold in a transaction. The sale took place on 06/01/2021.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $75,000,000
  • Units: 306
  • Price Per Unit: $245,098

The buyer of the property was Viewpoint Equities, while the seller was Hines. The deal was facilitated by the brokers Brian Moulder, Bobby Gatling, and Dhaval Patel from Walker & Dunlop.

Players

Bobby Gatling

Walker & Dunlop

Broker

$549.3M

vol

9 deals

Broker
Hines
HinesBrokerage
Hines
HinesSeller

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

0.21%

Cash-on-Cash

-0.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93