Updated Nov 28, 2024
Viewpoint Equities Acquires Multifamily Property In Jacksonville From Hines For $75M
7385 Park Village Drive
$75,000,000
Units
306
Asset Type
MultiFamily
Closing
Jun 1, 2020
About this deal
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.
The multifamily sale at 7385 Park Village Drive in Jacksonville, Florida sold for $75M in 2020. Reported inventory is 306 units across 306 units. Dhaval Patel, Brian Moulder, Bobby Gatling, Hines appear on the sale alongside Hines, Walker & Dunlop. This page is the Jacksonville, Florida file for the 7385 Park Village Drive multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Jacksonville sit in the Market section below. Filter that Jacksonville multifamily set by closing date to see what else sold near 7385 Park Village Drive around 2020. Published consideration for 7385 Park Village Drive is $75M, dated 2020. Cite this Viewpoint Equities Acquires Multifamily Property In Jacksonville From Hines For $75M sale when underwriting similar multifamily product around Jacksonville, Florida.
Players
Jacksonville MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Dhaval Patel to view all their deals.
Browse Jacksonville multifamily sales on Traded.
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