CBRE Arranges $63.4M Sale of Multifamily Community in Jacksonville

JACKSONVILLE, FLA. — CBRE has arranged the $63.4 million sale of Steele Creek Apartments, a 300-unit multifamily community situated in Jacksonville’s Butler Corridor submarket. RST Development acquired the property for $211,333 per unit, which marks the highest ever per-unit price for a suburban multifamily site in Northeast Florida, according to CBRE. Steele Creek offers one-, two- and three-bedroom floor plans. Communal amenities include a swimming pool with a cabana, grill area, clubhouse, fitness center, car wash area and a pet washing station. Additionally, Steele Creek offers technological finishes such as car charging stations, smart thermostats in each unit, USB ports and a tech-centric business center. Joe Ayers, Cliff Taylor and Shelton Granade of CBRE represented the seller, AC Parker West, in the transaction.

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