Mezza Premier Apartments
440 Units | Built In 2008 | Attractive Assumable Debt | Value-Add Upside | Jacksonville, Florida
The Opportunity
The Opportunity
IPA is pleased to present the Mezza Apartments (“The Property”), a 440-unit multifamily community in one of the Florida’s premier-growth markets – the dynamic Northside submarket of Jacksonville – with expanding infrastructure (I-95/I-295 enlargement/enhancements), the deepening of JAXPort, terminal/concourse expansion at Jacksonville International Airport, and an additional ~1MM of industrial-space under construction, in addition to 6.4MM SF of already-existing space, featuring various Fortune 500 Companies.
The offering is exceptional – it has minimal CAPEX needs; it’s in a prime location with strong demographics; and it comes with attractive, assumable below-market debt with a blended rate of 4.1% through 2029. Those unique characteristics are likely to enhance cash flow and returns for new ownership as Jacksonville continues to expand and thrive.
Key Investment Highlights
IPA Team
Erik Bjornson
License #: SL3196898
Tyler Nilsson
License #: SL3299428
Shelton Granade
License #: SL3042246
Luke Wickham
License #: SL3170987
Justin Basquill
License #: SL3028792
Sean Williams
License #: SL3054109