Updated Oct 29, 2024
PRG Real Estate Acquires Multifamily Property In Jacksonville For $84.25M
8649 A. C. Skinner Parkway, Jacksonville, Florida 32256, United States
$84,250,000
Units
300
Asset Type
MultiFamily
Closing
Nov 14, 2022
About this deal
AI
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.
On the Map
$84,250,000
MultiFamily
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Players
Jacksonville 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
0.19%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93