{"id":506078,"date":"2026-01-10T12:07:22","date_gmt":"2026-01-10T12:07:22","guid":{"rendered":"https:\/\/www.europesays.com\/us\/506078\/"},"modified":"2026-01-10T12:07:22","modified_gmt":"2026-01-10T12:07:22","slug":"riverfront-apartments-in-arlington-sell-for-37-45-million","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/506078\/","title":{"rendered":"Riverfront apartments in Arlington sell for $37.45 million"},"content":{"rendered":"<p id=\"h891439-p1\" class=\"permalinkable\">Pier 5350, a 400-unit multifamily property along the St. Johns River in Arlington, sold Dec. 19 for $37.45 million.<\/p>\n<p id=\"h891439-p2\" class=\"permalinkable\">The apartments are at 5350 Arlington Expressway, near the eastern foot of the Mathews Bridge.<\/p>\n<p id=\"h891439-p3\" class=\"permalinkable\">Atlas Real Estate Partners of New York sold the property through AREP Pier LLC.\u00a0<\/p>\n<p id=\"h891439-p4\" class=\"permalinkable\">GMC Properties of Jacksonville purchased it through GMC Pier LLC. \u00a0The per-unit price was $93,625.<\/p>\n<p><img decoding=\"async\" alt=\"Amenities at Pier 5350 apartments include pools, a waterfront clubhouse, fitness center, grills and a private fishing dock.\" class=\"media-element file-default fr-fic fr-dii\" src=\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2026\/01\/Pier_Pool_t850.png\" title=\"Amenities at Pier 5350 apartments include pools, a waterfront clubhouse, fitness center, grills and a private fishing dock.\"\/><\/p>\n<p>Amenities at Pier 5350 apartments include pools, a waterfront clubhouse, fitness center, grills and a private fishing dock.<\/p>\n<p id=\"h891439-p5\" class=\"permalinkable\">The sale was recorded Jan. 8 by the Duval County Clerk of Court.<\/p>\n<p id=\"h891439-p6\" class=\"permalinkable\">Both parties were represented by John Rutherford and Luke McCann of the CBRE Group, according to a Dec. 22 news release.<\/p>\n<p id=\"h891439-p7\" class=\"permalinkable\">The 22.11-acre property has 46 two-story buildings constructed in 1972. It has more than 500 feet of St. Johns River frontage and offers Downtown skyline views.<\/p>\n<p id=\"h891439-p8\" class=\"permalinkable\">Pier 5350 has studio, one-, two- and three-bedroom apartments. They are 625 to 1,750 square feet with monthly rents from $1,249 to $2,149.<\/p>\n<p><img decoding=\"async\" alt=\"Pier 5350 apartments at 5350 Arlington Expressway.\" class=\"media-element file-default fr-fic fr-dii\" src=\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2026\/01\/Pier_Exterior_t850.png\" title=\"Pier 5350 apartments at 5350 Arlington Expressway.\"\/><\/p>\n<p>Pier 5350 apartments at 5350 Arlington Expressway.<\/p>\n<p id=\"h891439-p9\" class=\"permalinkable\">Amenities include pools, a waterfront clubhouse, fitness center, grills and a private fishing dock.<\/p>\n<p id=\"h891439-p10\" class=\"permalinkable\">\u201cLarge, pre-1980s waterfront assets such as Pier 5350 are increasingly rare and difficult to transact in the current climate,\u201d said Rutherford, senior vice president at CBRE said in the release.\u00a0<\/p>\n<p id=\"h891439-p11\" class=\"permalinkable\">\u201cAchieving a successful sale at this scale and vintage speaks to the quality of the asset, the stability of the location and the conviction of the buyer in Jacksonville\u2019s long-term fundamentals.\u201d\u00a0<\/p>\n<p id=\"h891439-p12\" class=\"permalinkable\">The property has undergone $14 million in renovations and amenity additions, the release said.<\/p>\n<p id=\"h891439-p13\" class=\"permalinkable\">It last sold in August 2018 for $31.3 million.<\/p>\n<p>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"Pier 5350, a 400-unit multifamily property along the St. Johns River in Arlington, sold Dec. 19 for $37.45&hellip;\n","protected":false},"author":3,"featured_media":506079,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5136],"tags":[5229,3188,723,7310,67,586,132,5230,68,2969],"class_list":{"0":"post-506078","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-jacksonville","8":"tag-america","9":"tag-fl","10":"tag-florida","11":"tag-jacksonville","12":"tag-united-states","13":"tag-united-states-of-america","14":"tag-unitedstates","15":"tag-unitedstatesofamerica","16":"tag-us","17":"tag-usa"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115870725462383605","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/506078","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=506078"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/506078\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/506079"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=506078"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=506078"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=506078"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}