Heron Walk Apartments in San Jose sold for $48.6 million May 7 to California-based Bridge Acquisitions, according to a deed filed with the Duval County Clerk of Courts on May 21.
The 384-unit community, built in 1979, is at 7400 Powers Ave. The average per-unit price is $126,563.
CBRE’s Cliff Taylor and Joe Ayers represented the seller, California-based Oro Capital Advisors.
“Heron Walk represents an incredible value-add opportunity in the exploding Jacksonville market,” Taylor said in a news release.
“The property has tremendous upgrade potential and this, along with the macro factors at play, are what worked in combination to drive pricing to this level.”