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Jax Daily Record Thursday, Jun. 23, 202204:00 PM EST

San Marco Village apartments sold for $20 million

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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.

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