JACKSONVILLE, FL., – January 25, 2022 – NAI Hallmark announces the sale of the Justina Road Apartments portfolio for $4,250,000. The property is located at 5824 Justina Court & 3273 Justina Road, Jacksonville, Florida 32277. Senior Associate Luke McCann brokered the transaction on behalf of the Seller, a private investor.
“NAI Hallmark is pleased to have represented the Seller and Buyer in the sale of Justina Road Apartments. The property is an outstanding value-add opportunity within the rejuvenated Arlington submarket with significant capital investment being spent over the past three years across multiple asset classes,” said Senior Associate Luke McCann of NAI Hallmark. “We look forward to seeing the Buyer’s vision of providing quality housing come to life.”
The multifamily asset was built in 1964 and consists of three 20-unit buildings situated on1.19 acres. The property is conveniently located in Arlington between the St. Johns River and College Park (the Town & Country Plaza redevelopment). For more information regarding the sale of Justina Road Apartments or any questions relating to multifamily investment assets, please contact Luke McCann at lmm@naihallmark.com
