PRG Real Estate Acquires Multifamily Property In Jacksonville For $84.25M
SOLD
$84,250,000
Florida
See Similar DealsMultiFamily
Sold 11/14/2022
SOLD
PRG Real Estate Acquires Multifamily Property In Jacksonville For $84.25M
8649 A. C. Skinner Parkway, Jacksonville, Florida 32256, United States
See Similar DealsMultiFamily
Sold 11/14/2022
Summary
FLORIDA
Asset Type:MultiFamily
Transaction Type:Sale
Located at 8649 AC Skinner Parkway in Jacksonville, this multifamily property spans 15 acres. The transaction took place on November 14, 2022, and the property was sold for a price of $84,250,000. The buyer, PRG Real Estate, was represented by Sam Foster, while the seller was Momentum Real Estate Partners. The property consists of 300 units, with a price per unit of $280,833.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $84,250,000
- Address: 8649 AC Skinner Parkway, Jacksonville
- Market: Jacksonville
- Buyer: PRG Real Estate - Sam Foster
- Seller: Momentum Real Estate Partners
- Units: 300
- Price per Unit: $280,833
Sam Foster of PRG Real Estate represented the buyer in this transaction. This sale marks a significant deal for the real estate partners involved, showcasing their expertise in the Jacksonville market.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$4,493,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$299,322.46
Cash-on-Cash Return-1.27%
Monthly Debt Service$399,387.98
Annual Debt Service$4,792,655.79
Is there something missing? Send suggestions