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Amzak Capital Management Pays $51M for Fleming Island Class A Multifamily
Amzak Capital Management has acquired The Station Fleming Island, a newly constructed 180-unit, Class A multifamily located in the Jacksonville submarket of Fleming Island, FL, for $51.3 million.
Cliff Taylor and Joe Ayers of CBRE represented the developer, Bristol Fleming Island Partners, LLC, in the transaction.
“As the first new construction multifamily property to be built on the island in over 20 years, The Station Fleming Island helps answer renter demand for high-quality housing options in the highly rated Clay County school district and near the soon-to-open Baptist Hospital,” said Taylor. “With continued in-migration to the city and strong employment growth, The Station Fleming Island is poised to perform at a high level for the buyer for many years to come.”
Amzak Capital Management’s new acquisition at 1757 Theodora Lane is one of only three apartment communities located on Fleming Island. The property consists of five elevator-serviced buildings along with resort-style pool, fitness studio and community great room.
- ◦Sale/Acquisition
