Westside Multifamily Community Trades at $30k/u – CoStar Group

Multifamily Bldg Trades for $8.7M – CoStar Group.

Eagle Property Capital acquired Cross Creek at 1441 Manotak Ave. in Jacksonville, FL from Castle Hill Partners for a little more than $8.87 million, or about $30,000 per unit.

The subject property is a 292-unit, two-story multifamily building constructed in 1973 in the Hyde Park Multifamily submarket of Jacksonville.

Sobe Realty represented the buyer. Stephen Lear of Walchle Lear Multifamily Advisors represented the seller.

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 February 12, 2014, in Multifamily, Transactions and tagged , , , . Bookmark the permalink. Leave a comment.

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