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9480 Princeton Square Boule...

Post Investment Group Acquires 354-Unit Elliot Baymeadows Apartments In Jacksonville For $51.25M
SOLDMultiFamily

Post Investment Group Acquires 354-Unit Elliot Baymeadows Apartments In Jacksonville For $51.25M

9480 Princeton Square Boulevard South

$51,250,000

Units

354

Asset Type

MultiFamily

Closing

Jul 9, 2025

AI

The property asset involved in this transaction is a multifamily development located at 9480 Princeton Square Boulevard South in Jacksonville. It spans 18.1 acres and consists of 354 units, with a price per unit of $144,774. The total sale price amounts to $51,250,000.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $51,250,000
  • Address: 9480 Princeton Square Boulevard South
  • Market: Jacksonville
  • Units: 354
  • Price Per Unit: $144,774
  • Buyer: Post Investment Group
  • Seller: Ashcroft Capital
  • Date of Sale: 07/09/2025
  • Acquired through: Foothill Elliot Baymeadows LLC

The key individuals in this transaction include the buyer, Post Investment Group, and the seller, Ashcroft Capital. The acquisition mirrors Post Investment Group's previous sale price for the property from 2021.

Players

Post Investment Group
Post Investment GroupBuyer

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

0.31%

Cash-on-Cash

-0.09%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93