JACKSONVILLE, FL., – January 22, 2024 – NAI Hallmark pronounces the sale of The Park at Pottsburg Creek Residences for an undisclosed worth. The 128-unit multifamily property is situated at 4800 Atlantic Boulevard in Jacksonville, Florida. Senior Vice President John Rutherford and Vice President Luke McCann brokered the transaction on behalf Toro Jax Property II LLC, the Vendor and Pink Raider 45 LLC, the Purchaser.
“NAI Hallmark is happy to have represented the Vendor and Purchaser within the sale of The Park at Pottsburg Creek,” stated Rutherford. “We had immense curiosity from the market on this one, showcasing that demand for value-add alternatives in robust progress markets akin to Jacksonville stays constant. Given the upside potential and the premier location located close to the San Marco group, we’re excited to see the worth that the brand new house owners will carry to the tenants and native space.”
The multifamily asset was in-built 1963 and presents an enlargement alternative with an undeveloped 2.3 acres parcel. The property consists of 128 multifamily items ranging in measurement from one to three-bedrooms in ten buildings on a complete of 8.32 acres. The property is situated close to the San Marco submarket of Jacksonville simply east of the Hart Expressway, inside minutes to Downtown Jacksonville and the Southside Enterprise District.
For extra info relating to the sale of The Park at Pottsburg Creek Residences or any questions referring to multifamily funding belongings, please contact John Rutherford at [email protected].
About NAI Hallmark
NAI Hallmark is a full-service industrial actual property firm specializing in gross sales and leasing brokerage, property and services administration, and company providers in Northeast Florida. Established in 1993, NAI Hallmark is at present concerned within the leasing and/or administration of a portfolio in extra of 6 million sq. ft of workplace, industrial and retail properties and is likely one of the main funding gross sales practices in Northeast Florida. As a member of the NAI World community, NAI Hallmark can also be related to the most important community of unbiased industrial actual property companies worldwide. Study extra at naihallmark.com
About NAI World
NAI World is a number one international industrial actual property brokerage agency. NAI World places of work are leaders of their native markets and work in unison to offer purchasers with distinctive options to their industrial actual property wants. NAI World has greater than 300 places of work strategically situated all through North America, Latin America, Europe, Africa and Asia Pacific, with over 5,100 native market professionals, managing in extra of 1.1 billion sq. ft of property and services. Yearly, NAI World completes in extra of $20 billion in industrial actual property transactions all through the world. NAI World supplies an entire vary of company and institutional actual property providers, together with brokerage and leasing, property and services administration, actual property funding and capital market providers, due diligence, international provide chain and logistics consulting and associated advisory providers. To be taught extra, go to www.naiglobal.com.
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