Commercial Real Estate, Capital, Insurance, Leasing & Management

Westside apartment sold for $3.4 million

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Franklin Street's Jim Reed and Robert Granda arranged the sale of four Jacksonville apartment complexes to a New York-based investor for $3.4 million.

Excerpted from Jacksonville Business Journal story.

Four Jacksonville apartment complexes have been sold by their local owners to a New York-based investor for $3.4 million.

Robert and Elfreda Jones, according to property records, had owned Jammes Road Apartments, Wilson Boulevard Apartments, Firestone Apartments and Comet Apartments since the buildings’ construction between 1971 and 1975. Franklin Street’s Jim Reed brokered the deal on behalf of the seller, and the real estate company’s Robert Granda represented the buyer.

The complexes, which collectively include 122 apartment units, are all located in the southwest area of the city.

“These apartment units are popular for workforce housing, especially related to the industrial and commercial growth on the Westside, including Cecil Commerce Center and surrounding corridors,” Reed said in a release.

For full story, visit https://www.bizjournals.com/jacksonville/news/2018/04/25/westside-apartment-sold-for-3-4-million.html

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