Joe Huber Of Huber Equity Group Acquires Multifamily Asset From The Focus Group For $23.26M

The property asset involved in the transaction is a multifamily complex located at 7557 Arlington Expressway in Jacksonville, spanning 11 acres. The complex consists of 195 units and was sold for $23,260,000, resulting in a price per unit of $119,282. The property, which was built in 1969, features a renovated 14-building layout and includes amenities such as a pool, clubhouse, and dog park.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $23,260,000
• Buyer: Joe Huber - Huber Equity Group
• Seller: The Focus Group
• Broker: NAI Hallmark
• Units: 195
• Acres: 11

Joe Huber, representing Huber Equity Group, executed the acquisition from The Focus Group in a deal facilitated by NAI Hallmark, marking a significant transaction in the Jacksonville market.