FrontRange Capital Partners Acquires 185-Unit Multifamily Property In Jacksonville For $57.7M | 959 Prudential Drive | Joe Ayers, Cliff Taylor | MultiFamily | Sale

Summary

Sale

FLORIDA

MultiFamily

The multifamily property located at 959 Prudential Drive in Jacksonville was sold in a recent transaction. The property spans 2.5 acres and features 185 units. The sale took place on October 21, 2022, with a sale price of $57,700,000, resulting in a price per unit of $311,892. The transaction involved the buyer, FrontRange Capital Partners, and the seller, Ventures Development Group.

Summary of transation details

Property Type: Multifamily
Transaction Amount: $57,700,000
Location: 959 Prudential Drive, Jacksonville
Market: Jacksonville
Acres: 2.5

Representing the buyer, FrontRange Capital Partners, were brokers Cliff Taylor and Joe Ayers from CBRE Group.

Players

All
3

Agents
2
Agencies
1

Joe Ayers

First Vice President

$624.3M Sold

Cliff Taylor

Senior Vice President

$606.8M Sold

CBRE

Details

Deal Summary

SOLD

IMAGE: Joe Ayers & Cliff Taylor DATE: 10/21/2022 ADDRESS: 959 Prudential Drive MARKET: Jacksonville ASSET TYPE: Multifamily ~ ACRES: 2.5 BUYER: FrontRange Capital Partners SELLER: Ventures Development Group BROKERS: Cliff Taylor & Joe Ayers - CBRE Group (@CBRE) SALE PRICE: $57,700,000 UNITS: 185 ~ PPU: $311,892

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Address959 Prudential Drive

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