JACKSONVILLE, FL – September 11, 2023 – NAI Hallmark, the most important domestically owned full-service industrial actual property brokerage agency in Jacksonville, declares the sale of The Park at River Metropolis for $7,500,000. The 104-unit multifamily property is situated at 10621 Monaco Drive, Jacksonville, Florida. Senior Vice President John Rutherford and Vice President Luke McCann, brokered the transaction on behalf of Toro Actual Property Companions, the Vendor and Park at River Metropolis LLC, the Purchaser.
“NAI Hallmark is happy to have represented the Vendor and Purchaser within the sale of The Park at River Metropolis,” stated Rutherford. “This transaction is yet one more instance of Jacksonville’s resiliency within the present local weather, and additional illustrates the numerous upside potential remaining within the multifamily market in comparison with different main markets all through the nation,” stated Rutherford.
The property was in-built 1967 and consists of 104 items ranging in measurement from one to two- bedrooms in 13 two-story buildings on 5.59 acres. The property is situated within the Northside submarket of Jacksonville, Florida alongside I-95, simply minutes away from Jacksonville Worldwide Airport, an Amazon distribution heart, JAXPORT, and Imeson Park, which is house to a number of million sq. ft of logistics and distribution area.
For extra data relating to the sale of The Park at River Metropolis or any questions referring to multifamily funding property, 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 amenities administration, and company companies in Northeast Florida. Established in 1993, NAI Hallmark is at the moment 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 among the main funding gross sales practices in Northeast Florida. As a member of the NAI International community, NAI Hallmark can also be linked to the most important community of unbiased industrial actual property corporations worldwide. Study extra at naihallmark.com
About NAI International
NAI International is a number one world industrial actual property brokerage agency. NAI International places of work are leaders of their native markets and work in unison to offer shoppers with distinctive options to their industrial actual property wants. NAI International 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 amenities. Yearly, NAI International completes in extra of $20 billion in industrial actual property transactions all through the world. NAI International offers a whole vary of company and institutional actual property companies, together with brokerage and leasing, property and amenities administration, actual property funding and capital market companies, due diligence, world provide chain and logistics consulting and associated advisory companies. To study extra, go to www.naiglobal.com.
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