Berkadia Brokers $40M Sale of Jacksonville MF Property
Berkadia has arranged the $40 million sale of Coquina Bay, a 200-unit garden-style multifamily property located in Jacksonville.
Located at 3709 San Pablo Road S, Coquina Bay features one-, two- and three-bedroom floor plans with wood burning fireplaces and in-unit washers and dryers. Community amenities include a swimming pool, fitness center, yoga studio, business center, clubhouse, tennis court and dog park. The property is nearby the Jacksonville beaches.
Greg Rainey and Matt Wilcox of Berkadia Jacksonville; Brett Moss and Cole Whitaker of Berkadia Orlando and Jason Stanton of Berkadia Tampa represented the seller, Texas-based InvestRes, in the transaction. The buyer was a New York-based institutional fund advisor.
David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector.
Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA.
David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.