Palatine Capital Partners Acquires Atlantica Apts. at $55k/u – CoStar Group
Helicon Holdings sold the 100-unit Atlantica multifamily complex to Palatine Capital Partners for $5.5 million, or approximately $55,000 per unit.
The 87,896-square-foot apartment community consists of two bedroom units in eight buildings. It was built in 1987 in Jacksonville’s North Beach multifamily submarket. At the time of sale, the property was 98% occupied.
The Marcus & Millichap team of Gordon Navarre, Christopher Futo, Earl Elliott and Allan Holbrook were the exclusive agents in the deal.