QR Capital Sells 186-Unit Multifamily Community at $35k/u – CoStar Group

According to CoStar, “QR Capital sold a multifamily complex in Jacksonville, Fla. to Pacifica Cos. for $6.6 million, or approximately $35,000 per unit.”

“Eagles Pointe Apts. is a 186-unit, 22-building apartment complex located at 3501 Townsend Blvd. The building was constructed in 1972 and sits on an 11.68 acres site in the Arlington submarket. The property traded with 92% occupancy.”

For the full story, visit the link below

QR Capital Sells 186-Unit Multifamily Complex in Jacksonville – CoStar Group.

About Ernie Saltmarsh

Ernie works for Colliers International in the Northeast Florida Investment Services Group. The team includes Robert Selton, Scott Rogers, Ernie Saltmarsh and Adrienne Miller. Ernie works with buyers who are looking to invest in commercial real estate and sellers who are looking to dispose of investment assets. Ernie's background in research, marketing and finance provide the vital skills necessary to serve his clients.

Posted on November 21, 2013, in Multifamily, Transactions and tagged , , , , . Bookmark the permalink. Leave a comment.

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