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Post Investment Group Acquires 354-Unit Elliot Baymeadows Apartments In Jacksonville For $51.25M
SOLD
$51,250,000
Florida
See Similar DealsMultiFamily
Sold 07/09/2025
SOLD
Post Investment Group Acquires 354-Unit Elliot Baymeadows Apartments In Jacksonville For $51.25M
9480 Princeton Square Boulevard South
See Similar DealsMultiFamily
Sold 07/09/2025
Summary
FLORIDA
Asset Type:MultiFamily
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,733,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$182,080.44
Cash-on-Cash Return-1.27%
Monthly Debt Service$242,951.15
Annual Debt Service$2,915,413.76
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