SOLD
Coastline Management Group And RWW Gainesville Acquire Senior Housing In Gainesville For $35M
1000 Southwest 62nd Boulevard
Senior Housing
Sold 141 days ago
Summary
Sale
FLORIDA
Senior Housing
The Pavilion on 62nd, a 312-unit student housing community in Gainesville, Florida, has been sold for $35 million. The property, located at 1000 Southwest 62nd Street, was acquired by a joint venture between Coastline Management Group and RWW Gainesville, LLC. The sale was facilitated by Cushman & Wakefield.
Summary of transaction details
- Property Type: Senior Housing
- Transaction Amount: $35,000,000
- Address: 1000 Southwest 62nd Street, Gainesville, Florida
- Market: Gainesville
- Buyer: Coastline Management Group - Eyal Mehaber ; RWW Gainesville, LLC
- Brokers: Mike Donaldson, Nick Meoli, Travis Prince & Victoria Marks Vagnier - Cushman & Wakefield
- Units: 312
- Price per unit (PPU): $112,179
The joint venture between Coastline Management Group and RWW Gainesville, LLC plans to carry out significant renovations on The Pavilion on 62nd to meet the high demand from the University of Florida and Shands Hospital.
Players
All
5
Agents
4
Agencies
1
Details
SOLD
IMAGE: Mike Donaldson, Nick Meoli, Eyal Mehaber & Travis Prince
DATE: 12/14/2023
ADDRESS: 1000 Southwest 62nd Street
MARKET: Gainesville
ASSET TYPE: Senior Housing
BUYER: Coastline Management Group - Eyal Mehaber (@EMehaber); RWW Gainesville, LLC
BROKERS: Mike Donaldson, Nick Meoli (@Nick_Meoli), Travis Prince (@Travis_Prince) & Victoria Marks Vagnier - Cushman & Wakefield (@CushWake)
SALE PRICE: $35,000,000
UNITS: 312 ~ PPU: $112,179
NOTE: Cushman & Wakefield has arranged the $35 million sale of The Pavilion on 62nd, a 312-unit student housing community in Gainesville, Florida. The property, sold by a Delaware LLC, was acquired by a joint venture between Coastline Management Group and RWW Gainesville, LLC, with plans for significant renovations to capitalize on the demand from the University of Florida and Shands Hospital.View on map
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Address1000 Southwest 62nd Boulevard
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