American Landmark Apartments Acquires Multifamily Property In Jacksonville For $54.4M
9849 Crosshill Boulevard
$54,400,000
$41,526/SF
Building Size
1,310 SF
Asset Type
MultiFamily
Closing
May 10, 2020
AI
A multifamily property located at 9849 Crosshill Blvd. in Jacksonville has been sold for a total price of $54,400,000. The property consists of 270 units, with an average price per unit of $201,481. The sale took place on May 10, 2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $54,400,000
- Address: 9849 Crosshill Blvd.
American Landmark Apartments, represented by Joe Lubeck, purchased the property from Chadbourne V LLC. The transaction was facilitated by brokers Bobby Gatling, Dhaval Patel, and Brian Moulder from Walker & Dunlop.
Players
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
0.29%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93