Ocala, FL – Capstone Apartment Partners has negotiated the sale of the Jordan Court Apartments, a 48 -unit multi-family community located in Ocala, FL. Capstone’s Brian Hunsicker and Jad Richa exclusively represented the Indiana-based seller in the $3,000,000 transaction.
“Ocala represents one of the many emerging markets investors are turning to in order to chase better yield than what’s currently offered in the major Florida MSA’s such as Miami, Tampa and Orlando. The proximity and accessibility Ocala provides throughout the State of Florida continues to become more appealing to a broader investor base as evidenced by the increased transaction volume over recent months,” explains Hunsicker. “Due to Capstone’s aggressive marketing efforts and ability to effectively communicate the value-add opportunities at this property, we were able to generate significant activity and ultimately close at the full asking price.”
Jordan Court Apartments is a 1980’s garden style community consisting of twelve single-story buildings with an average unit size of 771 square feet. The property was 100% occupied at the time of sale.
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Capstone Apartment Partners is the largest privately-owned investment sales firm in the Southeast, with offices in Tampa, Orlando, Charlotte, Raleigh-Durham, Richmond, Cincinnati, and Nashville. Focused on the transaction of multi-family properties throughout the Midwest and Southeast, Capstone was ranked in the top 2% of brokerage firms nationwide for total sales in 2017, and 14th in annual garden-style apartment sales.
For more information please contact Brian Hunsicker – 727.631.5870/h.brian@capstoneapts.com or Jad Richa 727.410.2217/jad@capstoneapts.com or Tom Huffsmith 321.418.5224/tom@capstoneapts.com- or visit www.capstoneapts.c