John Burpee & Associates is proud to announce the closing of the 96 Unit Majestic Plaza Apartments located in Jacksonville Florida. The asset sold for $3,500,000 after a delayed foreclosure process due to Covid 19 Pandemic. John Burpee & Associates was assigned the asset through Court Appointed Foreclosure Receivership in 2019. “Our firm managed the asset and the sale of property through the Covid Virus delayed foreclosure process for the lender”. Our firm marketed the sale of asset through our National Database of qualified investors and secured an all cash minimal due diligence buyer that understood the complexities of the asset. Burpee stated, “The buyer is a longtime repeat client of our firm that paid cash for the asset at closing and plans a full renovation of the asset”.
For more information please contact John Burpee 727-828-9498 John@Burpeecommercial.com