Skip to main content
Real Estate
Jax Daily Record Thursday, May 19, 202204:53 PM EST

Kernan Oaks Apartments near UNF sold for $68 million

A Los Angeles-based company bought the 361-unit community.
by: Dan Macdonald Staff Writer

The 361-unit Kernan Oaks Apartments at 3601 S. Kernan Blvd. sold May 17 for $68 million.

Los Angeles-based Kernan Owner LLC of CT Corporation System bought the property from Jacksonville Student Housing LLC of ILM Capital LLC of Leesburg, Virginia.

The community, built in 1996, sits on 33.9 acres. The per-unit price is $188,395.

The current taxable value is almost $37.5 million.

Jacksonville Student Housing paid $21 million for the property in 2013.

The two-, three- and four-bedroom apartments range from 521 to 1,320 square feet. Rents are $649 to $1,799, according to

Amenities include 24-hour security, manager and maintenance on site, dog park, pool, clubhouse, fitness center, basketball, tennis and volleyball courts, high-speed Wi-Fi and an on-site ATM. 

The apartments are 2.4 miles from the University of North Florida. According to its website, it offers co-living apartments and a roommate matching service.

Be the first to know the latest breaking news and information that business leaders rely on in this fast-paced changing Northeast Florida economy. Regional business news, trends and statistics needed to grow your business. Key upcoming events you won’t want to miss and much more. Click Here to Grow your Business NOW!

Related Stories