Apartment sales dominated the top 10 commercial real estate sales for the year, accounting for nine of them, and comprised all of the top 10 sales of the fourth quarter. Three Northeast Florida real estate teams explain why.
Redeveloped RiverVue apartments sell for $63 million | Jax Daily Record | Jacksonville Daily Record jaxdailyrecord.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jaxdailyrecord.com Daily Mail and Mail on Sunday newspapers.
The newly constructed Argyle Lake Apartments in Oakleaf sold May 10 for $54.4 million.
The 270 units sold for an average of almost $201,500 each.
The Walker & Dunlop multifamily investment sales team of Bobby Gatling, Dhaval Patel and Brian Moulder represented the seller, Chadbourne V LLC.
Tampa-based American Landmark Apartments was the buyer.
The apartments, at 9849 Crosshill Blvd. in Oakleaf Town Center, were built this year.
The community offers one-, two-, and three-bedroom floor plans with rents from $1,335 to $1,775 a month.
Units include granite counters, stainless steel appliances, a separate laundry room, pantries, vinyl-plank flooring and gooseneck kitchen faucets.
Community amenities include walking trails, green space, a gym, pool, barbecue area, fire pit, pet play area and group fitness classes.