Mezza Premier Apartments

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.