ConAm Management Corp Acquires Jacksonville Multifamily For $54M
8540 Homeplace Drive
$54,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Nov 6, 2020
AI
A multifamily property located at 8540 Homeplace Drive in Jacksonville has been sold for a total price of $54,000,000. The property consists of 252 units, with a price per unit (PPU) of approximately $217,857. The sale took place on November 6, 2020, and the buyer is ConAm Management Corp, while the seller is Fort Family Park.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $54,000,000
- Units: 252
- PPU: $217,857
The transaction was facilitated by brokers Brian Moulder, Dhaval Patel, and Bobby Gatling 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
0.29%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93