Updated Jul 21, 2025
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
About this deal
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.
On the Map
$51,250,000
MultiFamily
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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