Pickwick Apartments sold for $26 million

The 152-unit property is along San Jose Boulevard in Mandarin.


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  • | 1:52 p.m. April 29, 2021
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Pickwick Apartments in Mandarin is west of the Pickwick Plaza shopping center.
Pickwick Apartments in Mandarin is west of the Pickwick Plaza shopping center.
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Canada-based JMJ Property Holdings sold the Pickwick Apartments in Mandarin for $26 million on April 22, according to a Duval County Clerk of Courts deed.

Hilltop Pickwick LP, managed by Houston-based Hilltop Residential Investments, bought the property. JMJ sold the property through Pickwick Jax LP.

Hilltop secured an $18 million mortgage for the property from First Horizon Bank.

The 152-unit apartment community at 3580 Pall Mall Drive was built in 1985. It is south of San Jose Boulevard and Old St. Augustine Road.

It offers one-, two- and three-bedroom floor plans renting from $975 to $1,460 per month.

The community has a pool, playground, laundry facility, pet play area, sun deck and tennis court. 

Some of the units are renovated with updated flooring, cabinetry, kitchen and bathroom fixtures.

The property last sold in 2017 for $14.8 million. 

 

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