NAI Hallmark Brokers $9M Sale of Jacksonville Apartments
NAI Hallmark has arranged the $9.2 million sale of The Forest Apartments, a 113-unit multifamily property in the Westside submarket of Jacksonville. Located at 6756 103rd Street, the property is comprised of floorplans ranging from studios up to 3-bedrooms. The asset was built in 1966.
John Rutherford of NAI Hallmark brokered the transaction on behalf of the seller, Hyperion Endeavors, a private Dallas-based real-estate investment firm, in the transaction. The buyer was Westmount Square Capital, a private Los Angeles-based real-estate investment firm.
“The Forest Apartments was a full-cycle sale in less than 3 years showing that the demand for investor appetite in North Florida remains incredibly strong, especially for well-located, value-add opportunities. The new owners will benefit from a strong Westside Jacksonville submarket that continues to further its economic development as a logistics & distribution hub of the Southeast,” said Rutherford.
Apartment buildings for sale
Check out the latest properties available on apartmentbuildings.com
3 ACRES in Downtown Coral Springs
Coral Springs, FLFlorida & Gulf Coast + Apartments + Mixed-Use
Learn MoreListing Status: Available Listing Type: Highest & best offer Price: $13,000,000 No. of Units: 53 Average Occupancy: 100 Building Size: 42425 Sq ft Lot Size: 2.98 Acres No. of Stories: 1 Zoning Code: DT-MU Opportunity Zone: No Price per unit: $245,283 
631 NE 72nd
Miami, FLFlorida & Gulf Coast + Apartments
Learn MoreListing Status: Available Listing Type: Highest & best offer Price: $3,700,000 No. of Units: 14 Year Built: 1958 Building Size: 6746 Sq ft No. of Stories: 2 Opportunity Zone: No Price per unit: $264,285
- ◦Sale/Acquisition
