Michael Menzer Of White Oak Partners Acquires Multifamily Property In Jacksonville From John Griggs For $68.5M

The asset involved in the transaction is the 342-unit Presidium Park apartments located at 8181 A. C. Skinner Parkway in Jacksonville. This multifamily community was built in 2024 and spans 14.38 acres. The sale occurred for a price of $68,500,000, equating to approximately $200,292 per unit.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $68,500,000
• Units: 342
• Price Per Unit: $200,292
• Buyer: Michael Menzer - White Oak Partners
• Seller: John Griggs - Presidium Property Management
• Lender: U.S. Bank

Michael Menzer represents White Oak Partners in the deal to acquire the property, while John Griggs represents Presidium Property Management as the seller. The community was previously acquired for $8.2 million in 2021.