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Florida & Gulf Coast  + North Florida  + Apartments  |  June 1, 2022
Boardwalk Wealth has purchased Eastwood Oaks Apartments in Hilliard, FL for $13.5 million.
Lisa McDuffie
By: Lisa McDuffie

US Investing Group, Boardwalk Wealth Trade Jacksonville Multifamily for $14M

NAI Hallmark has completed sale of Eastwood Oaks Apartments in the Jacksonville submarket of Hilliard, FL for $13.5 million.

John Rutherford and Luke McCann of NAI Hallmark brokered the transaction on behalf of seller US Investing Group LLC, and buyer Boardwalk Wealth.

 “This property represents a great opportunity for the new owner to complete the value-add renovations while continuing to leverage the tremendous historical occupancy and strong demographics in the North Jacksonville submarket,” said Rutherford.

The multifamily asset at 37177 Cody Circle was built in 1974 and consist of a total of 104 multifamily units in a combination of 44 one-bedroom, 24 two-bedrooms, and 36 three-bedrooms units on 10.51 acres.

The property is located northwest of downtown Jacksonville with limited competition in the area. Eastwood Oaks Apartments amenities include a swimming pool, sports court, fitness center, clubhouse and dog park.

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Inside The Story

NAI Hallmark's Rutherford

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.
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