The Sagefield is a 234-unit luxury garden-style community in Jacksonville, Florida. The property is located in North Jacksonville, less than one mile from River City Marketplace, a 900,000 SF lifestyle retail center serving the fast-growing north Jacksonville submarket. Many employment drivers reside within minutes of the property, including UF Health North Hospital, River City Rehabilitation, North Jacksonville VA Clinic, and Jacksonville International Tradeport; over 7 million square feet of new industrial space have been added to the area since 2018. Larger companies nearby include Samsonite, GE, Amazon, Park 295, APR Energy, Coach, Mercedes Benz, DHL, and Westrock. The wetlands footprint in the area makes future development in the submarket extremely difficult.
The Sagefield, completed in 2022, consists of two four-story apartment buildings and two two-story carriage home buildings. An impressive community amenity selection includes a well-appointed clubhouse, elevators, co-working spaces, Luxer package room, 24-hour fitness center, Bike Share, outdoor kitchen and firepit, pet spa, EV charging stations, computer stations, coffee bar, and off-leash Bark Park. Residents can choose from floor plans ranging from 632 square foot one-bedroom plans to spacious 1450 square foot three-bedroom designs. Interior units include stainless steel appliances, granite countertops, island kitchens, Farmhouse sinks, Smart home technology, 42” cabinetry, UBS outlets, wood-like flooring, 9-10’ ceilings, and walk-in closets. Detached garages are available for lease.
Hawthorne Management assumed management services at closing. ApexOne Multifamily Special Situation Fund IV, LP purchased the property and will hold the asset for long-term growth and appreciation.