NAI Hallmark Brokers $7.5M Sale of Jacksonville Multifamily
NAI Hallmark has announced the sale of The Park at River City for $7.5 million. The 104-unit multifamily property is located at 10621 Monaco Drive, Jacksonville, FL. Senior Vice President John Rutherford and Vice President Luke McCann brokered the transaction on behalf of seller Toro Real Estate Partners and buyer Park at River City LLC, the Buyer.
“NAI Hallmark is pleased to have represented the Seller and Buyer in the sale of The Park at River City,” said Rutherford. “This transaction is yet another example of Jacksonville’s resiliency in the current climate, and further illustrates the significant upside potential remaining in the multifamily market compared to other major markets throughout the country,” said Rutherford.
The property was built in 1967 and consists of 104 units ranging in size from one to two- bedrooms in 13 two-story buildings on 5.59 acres minutes from Jacksonville International Airport.
Angela Noote is a native of Northern California and graduated from Chico State with a degree in public relations. After college she moved to the Central Coast and worked first in ad sales then in editorial, eventually spending more than a decade as a print reporter and editor. She detoured into design work at a printer/publisher, and with a partner eventually opened a boutique full-service marketing agency. Moving into corporate communications, she built and managed several successful marketing teams in the hospitality, financial services, and nonprofit industries. Most recently she was an internal comms manager in the tech sector. After a long stint spent in Georgia (Go Dawgs), she moved to Baton Rouge, LA and has written for clients in the financial, luxury imports, higher ed, commercial cleaning, and medical equipment industries. Her son is a media arts major at the University of South Carolina, and her husband owns a comedy theater in Baton Rouge, where you can often find Angi teaching improv classes, leading corporate training events, or doing an occasional stand up set.