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Florida & Gulf Coast  + North Florida  + Apartments  | 

NAI Hallmark Brokers Sale of Cedar Hill Apartments

NAI Hallmark has brokered the sale of Cedar Hill Apartments, a 113-unit multifamily property in Jacksonville, FL for $14,450,000. 

The multifamily asset was built in 1966 and recently underwent significant capital improvements. Units range in size from studios to three-bedrooms in eight buildings on 5.35 acres. The property is located in the Westside submarket of Jacksonville along I-295.

Senior Vice President John Rutherford and Vice President Luke McCann, brokered the transaction on behalf of a joint venture partnership between Westmount Square Capital & Miramar Capital, the Seller.

“NAI Hallmark is pleased to have represented Westmount Square Capital & Miramar Capital in the sale of Cedar Hill Apartments,” said Senior Vice President John Rutherford of NAI Hallmark.” This sale is an example of the continued flight of investors to Southeast markets such as Jacksonville, Florida that offer the opportunity for stable occupancy and consistent rent growth.”

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About Angela Noote

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.

  • ◦Sale/Acquisition
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