Skip to main content
Real Estate
Jax Daily Record Thursday, Jun. 23, 202204:00 PM EST

San Marco Village apartments sold for $20 million

The apartments were built in 1973 and offers two floor plans. 
by: Dan Macdonald Staff Writer

The San Marco Village apartments at 2165 Dunsford Terrace sold June 21 for $20 million.

Aventura-based 2166 SMV Holdings LLC bought the property from Sarasota-based San Marco Jacksonville LLC.

Four investors — two from Florida, one from Illinois and one from Texas — formed the LLC in April that acquired the property.

The 106-unit community on 4.8 acres was built in 1973. The per-unit sale price is $188,679.

The apartment’s two floor plans include one- and two-bedroom units from 750 to 1,000 square feet. Monthly rent for a one-bedroom is $1,120. Rates for a two-bedroom apartment are not available.

Calls to management were not returned.

The community’s current taxable value is $10,004,200.

In November 2018, San Marco Jacksonville LLC acquired the property from Lexerd Capital Management LLC of Summit, New Jersey, for $10.8 million

Amenities include internet, laundry facilities, a fitness center, pet park and on-site management.

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