JACKSONVILLE, FL., – May 12th, 2022 – NAI Hallmark announces the sale of the Eastwood Oaks Apartments for $13,500,000. The multifamily property is located at 37177 Cody Circle in Hilliard, Florida. Senior Vice President John Rutherford and Vice President Luke McCann brokered the transaction on behalf of US Investing Group LLC, the Seller, and Boardwalk Wealth, the Buyer.
“NAI Hallmark is pleased to have represented the Seller and Buyer in the sale of the Eastwood Oaks,” said Senior Vice President John Rutherford of NAI Hallmark. “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.”
The multifamily asset 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 in Hilliard (Nassau County) with limited competition in the area. Residents at Eastwood Oaks Apartments enjoy amenities such as a swimming pool, sports court, fitness center, clubhouse and dog park. For more information regarding the sale of the Eastwood Oaks Apartments or any questions relating to multifamily investment assets, please contact John Rutherford at jr@naihallmark.com.
