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
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