Volta apartments in eTown sold for $60.66 million

The 337-unit community in South Jacksonville was built in 2023.


The Volta apartments in eTown at 11391 Square St. east of Florida 9B off ETown Parkway in South Jacksonville.
The Volta apartments in eTown at 11391 Square St. east of Florida 9B off ETown Parkway in South Jacksonville.
Catalyst Development Partners
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The 337-unit Volta apartments in eTown in South Jacksonville sold May 30 for $60.66 million.

Volta is east of Florida 9B at 11391 Square St. off ETown Parkway.

Catalyst Development Partners of Atlanta sold the property through CDP Jacksonville Owner Development Inc.

FitzWalter Capital (US) LLC of New York City bought the community through Volta Propco LLC. The per-unit price was $180,000.

Volta Propco LLC then took out a $42.753 million mortgage with JLL Real Estate Capital of St. Paul, Minnesota.

Built in 2023, the Volta comprises six three- and four-story buildings on 11.39 acres.

There are one-, two- and three-bedroom units with one or two baths from 698 to 1,263 square feet. Rents are $1,485 to $2,159 a month, according to apartments.com.

Units include a full-size washer and dryer, keyless front door entry, door-side valet trash and recycling, a smart home technology package and walk-in showers.

Community amenities include electric vehicle charging stations, a business and conference center, interactive cardio equipment, indoor dog-grooming spa, 24-hour mail and package concierge, a coffee and beverage cafe, a pool and spa, a movie theater and elevators. Volta is gated with property management on-site.

FitzWalter Capital is headquartered in London. The investment firm focuses on private debt, real estate and renewable investments in Western Europe and North America. It was formed in 2020.

Catalyst Development Partners focuses on market-rate, multifamily real estate development. It has properties in Florida, Georgia, Alabama, Texas, Virginia, North Carolina and South Carolina. It owns or has developed more than 8,100 units.



 

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