Simcha Shick & Charles Kirshner Of Lyfe Properties Acquire Multifamily Asset In Orange Park, Jacksonville For $20.2M

Lyfe Properties, led by Simcha Shick and Charles Kirshner, has acquired a multifamily property in Orange Park, Jacksonville. The property, located at 741 Park Avenue, spans 116,000 square feet and consists of 75 units. The deal was facilitated by brokers Mike Donaldson and Nick Meoli from Cushman & Wakefield. The transaction was completed on March 16, 2022 for a sales price of $20,200,000, resulting in a price per square foot of $174.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $20,200,000
• Address: 741 Park Avenue, Orange Park, Jacksonville
• Market: Orange Park, Jacksonville
• Buyer: Simcha Shick & Charles Kirshner - Lyfe Properties
• Seller: Jonathan More - Mayfair Investment Partners; Justin Goldberg - Navarino Capital
• Brokers: Mike Donaldson and Nick Meoli - Cushman & Wakefield
• Square Footage: 116,000
• Number of Units: 75

Mayfair Investment Partners, represented by Jonathan More, and Navarino Capital, represented by Justin Goldberg, sold the property to Lyfe Properties. Mayfair Investment Partners and Navarino Capital are actively seeking off-market multifamily properties with 75-250 units in the Southeast region. They are also interested in off-market industrial properties sized between 100,000 square feet and 500,000 square feet across the same region. For inquiries and potential opportunities, contact Mayfair Investment Partners at [email protected].