The Cadence at Nocatee apartments at 380 Burbank Ave. in the Duval County portion of Nocatee sold Nov. 14 for $72 million.
Rangewater Real Estate LLC of Atlanta sold the property through CRP/RW Valley Ridge Owner LLC .
The buyer is HG Cadence LLC. Attorney Brian J. McDonough of Miami is the registered agent for HG Cadence LLC.
Arbor Commercial Funding I LLC of New York issued a $45.43 million mortgage Nov. 14 to HG Cadence.
Erik Bjornson and Tyler Nilsson of Institutional Property Investors brokered the transaction.
This is the first time the apartments have been sold.
Cadence at Nocatee, built in 2021, comprises 291 units in 13 buildings on 14 acres.
The per-unit sales price is $247,422.
The buildings are one, two and three stories.
There are one-, two- and three-bedroom apartments from 662 to 1,764 square feet.
Monthly rents are $1,615 to $3,425, according to apartments.com.
Cadence at Nocatee is a gated community. Amenities include a pool, fitness center, clubhouse, business center, community grill, Wi-Fi, planned social activities, pet play and wash area, breakfast and coffee concierge, cabana, sundeck and a zen garden.
Management and maintenance are on-site.