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Matthew Joblon Of BMC Investments Acquires The Finley Apartments In Jacksonville For $37M

Property Image
SOLD
$37,000,000

Florida

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MultiFamily
Sold 02/19/2025
the dealdetailscomps
Property Image
SOLD

Matthew Joblon Of BMC Investments Acquires The Finley Apartments In Jacksonville For $37M

9541 103rd Street

See Similar Deals
MultiFamily
Sold 02/19/2025
the dealdetailscomps

Summary

FLORIDA
Asset Type:MultiFamily
Transaction Type:Sale

The Finley Apartments is a multifamily property located at 9541 103rd Street in Jacksonville, covering 18.52 acres. The asset consists of 312 units built in 2008, with a sale price of $37,000,000, equating to a price per unit of $118,590. The units range from one to three bedrooms, with rents varying between $1,064 and $2,188.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $37,000,000
  • Buyer: Matthew Joblon - BMC Investments
  • Seller: Rick Fogelman - Fogelman
  • Units: 312
  • Price Per Unit: $118,590
  • Market: Jacksonville
  • Acres: 18.52
  • Date of Transaction: 02/19/2025

Matthew Joblon, representing BMC Investments, acquired the property from seller Rick Fogelman of Fogelman. This transaction highlights the collaboration between these entities in securing the purchase of The Finley Apartments in West Jacksonville.

Details

SOLD
IMAGE: Rick Fogelman & Matthew Joblon DATE: 02/19/2025 ADDRESS: 9541 103rd Street MARKET: Jacksonville ASSET TYPE: Multifamily ~ ACRES: 18.52 BUYER: Matthew Joblon - BMC Investments (@BMC_Inv) SELLER: Rick Fogelman - Fogelman (@FogelmanProperties) SALE PRICE: $37,000,000 UNITS: 312 ~ PPU: $118,590 NOTE: BMC Investments acquired The Finley Apartments, a 312-unit community in West Jacksonville, for $37M from Fogleman on Feb. 19. The 2008-built, 18.52-acre property sold for $118,590 per unit and features one- to three-bedroom units with rents ranging from $1,064 to $2,188.

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