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7738 A C Skinner Pkwy Jacks...

Olympus Property Acquires Presidium Town Center Multifamily In Jacksonville For $97.5M
SOLDMultiFamily

Olympus Property Acquires Presidium Town Center Multifamily In Jacksonville For $97.5M

7738 A C Skinner Pkwy Jacksonville, FL 32256, USA

$97,500,000

Building Size

Asset Type

MultiFamily

Closing

Jul 20, 2023

AI

Olympus Property, represented by Chandler Wonderly, has acquired Presidium Town Center, a luxury multifamily community in Jacksonville, Florida, for $97.5 million. The property, located at 7738 A. C. Skinner Parkway, consists of 370 units equipped with smart home technology and offers a variety of amenities.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $97,500,000
  • Number of Units: 370
  • Price per Unit: $263,514
  • Buyer: Olympus Property - Chandler Wonderly
  • Seller: Presidium Group
  • Lender: Federal Home Loan Mortgage Corp

Olympus Property, along with their representative Chandler Wonderly, successfully completed the purchase of Presidium Town Center. The acquisition further expands Olympus Property's portfolio in the Jacksonville market. Federal Home Loan Mortgage Corp provided the financing for this transaction.

Players

Chandler Wonderly

Olympus Property

Buyer

$332M

vol

4 deals

Buyer
Presidium Group
Presidium GroupSeller
Freddie Mac
Freddie MacLender

Miami 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

0.16%

Cash-on-Cash

-0.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93