Main Street Residential Acquires Multifamily Property In Jacksonville For $13.13M

Main Street Residential has acquired a multifamily property located at 8715 Belle Rive Blvd in Jacksonville. The transaction, which took place on February 26, 2021, was facilitated by the real estate firm KRI Properties. The property consists of 104 units, selling at a price of $13,130,000, with a price per unit of $126,250.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $13,130,000
• Date: 02/26/2021
• Address: 8715 Belle Rive Blvd
• Market: Jacksonville

The transaction was brokered by Cliff Taylor, Joe Ayers, Michael Regan, and Francesco Carriera from CBRE. They represented both the buyer, Main Street Residential, and the seller, KRI Properties.