A Fort Lauderdale investment company bought Northlake Apartments in Northwest Jacksonville on July 14 for $44.5 million.
The 248-unit community at 2445 Dunn Ave. comprises 14 buildings on 20.13 acres. It was built in 1989.
Nathan Holdings bought the apartments through NH Northlake Apartments LLC and NH GP2 LLC. The companies share an address at 6499 Powerline Road in Fort Lauderdale.
NH Northlake Apartments LLC took out a $35.1 million mortgage from BDS IV Mortgage Capital W LLC.
Nathan Holdings says it is “an experienced Florida-based real estate investments group focused on investing and managing value-add multifamily properties in high-demand locations.”
Northlake’s one-, two- and three-bedroom units are 600 to 1,100 square feet. Monthly rents are $1,300 to $1,700, according to Apartments.com.
Amenities include a pool, playground, tennis court, picnic area, car wash and dog play area.
According to Duval County property appraiser records, the property last sold for $9.2 million in 1993. It has an assessed value of almost $16.1 million.