Cushman & Wakefield is pleased to present the exclusive listing of The Harper at Trout River, 76 newly constructed (2023) Class “A" build-to-rent townhomes located in Jacksonville, FL, one of the fastest growing cities in the nation (U.S. Census Bureau, 2024). Currently 92% leased, The Harper at Trout River is one of the initial opportunities to acquire a stabilized build-to-rent community in the Jacksonville MSA. The property features high-quality construction with spacious 3- and 4- bedroom floor plans averaging 1,527 SF. Offered at a compelling basis significantly below retail SFR and TH comparables over $240K, The Harper at Trout River provides an exceptional opportunity for investors to acquire a stabilized, institutional-quality asset with upside potential.
There are also an additional 84 buildable lots that are available separately from the existing townhome offering, providing for additional scale and development upside to control 88% of the subdivision.
The Jacksonville MSA has a population over 1.8 million and is projected to add another 70,000 in the next five years and 500,000 residents in the next 25 years. The metro has a dynamic and diverse economy comprised of logistics, aviation, financial services, military, healthcare and high-tech jobs with 130,000 jobs within a 30-minute commute of the subject property and over $10B in new development in the downtown CBD alone.
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