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
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
0.21%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93