The Topaz Plaza apartments in Arlington were sold on December 7 for $ 30.9 million.
The community of 281 units is located at 780 University Club Blvd. The unit price was $ 110,000.
Patriot Plaza Apartments 2021 LLC of Jacksonville has acquired the property of Core Topaz Plaza LLC of New York.
After the sale, the new owners changed the name of the community to Patriot Plaza Apartments.
Built in 1975, records show an assessed value of $ 18.6 million.
Patriot Plaza has one, two and three bedroom units ranging from 622 to 1,100 square feet. Rents are $ 855 to $ 1,085 per month, according to Apartments.com.
Facilities include a swimming pool, fitness center, laundromat, dog park, car care area and barbecue and picnic area.
Patriot Plaza Apartments 2021 LLC received mortgages from the Public Finance Authority Multifamily Housing Revenue Bond of $ 52.2 million and $ 1.1 million on December 7. Mortgages mature no later than December 1, 2036.
In December 2019, Core Topaz Plaza purchased the property from The Plaza 281 LLC in Orange County, California for $ 19.6 million.
Be the first to hear about the latest news and information business leaders rely on in this fast-paced Northeast Florida economy. Regional business news, trends and statistics needed to grow your business. Key events you can’t miss and much more.