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Jax Daily Record Tuesday, Jan. 25, 202204:40 AM EST

Canopy Creek Apartments sold for $37.75 million

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Constructed in 1975, the project units were renovated in 2017.
by: Dan Macdonald Staff Writer

The Canopy Creek Apartments at 11291 Harts Road in Jacksonville sold Dec. 29 for $37.75 million.

The seller is Canopy Creek Apartments Property Owner LLC of Atlanta and INCAP Investments, both part of Inman Equities LLC of Nashville, Tennessee. 

MST-Canopy Creek LP of the M1 Group of New York bought the property.

The apartments, on 21.28 acres, comprise 288 units. The per-unit sale price is $131,076.

The apartments were built in 1975 and renovated in 2017. 

Canopy Creek comprises one-, two- and three-bedroom apartments from 700 to 1,250 square feet with monthly rents from $1,005 to $1,450, according to Apartments.com.

Amenities include two pools, a business center, fitness center, laundry facilities, playground, grill and picnic area. Property management is on-site.

The property’s taxable value is $17.5 million.

In March 2021, HH Canopy Creek LLC of Delray Beach sold the apartments to Canopy Creek Apartments Property Owner LLC for $27.5 million.

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