JACKSONVILLE, FL., – July 6th, 2022 – NAI Hallmark announces the sale of Silversmith Creek Apartment Homes at a price of $21,050,000. The multifamily property is located at 7211 Crane Avenue, in Jacksonville, Florida. Senior Vice President John Rutherford and Vice President Luke McCann brokered the transaction on behalf of US Investing Group, the Seller, and Fincapital Investments, the Buyer.
“NAI Hallmark is pleased to have represented the Seller and Buyer in the sale of Silversmith Creek Apartment Homes,” said Senior Vice President John Rutherford of NAI Hallmark. “This sale of this property continues to show the resiliency of the North Florida multifamily investment market, buoyed by strong renter demand, especially for quality rentals in growing submarkets.”
The multifamily asset was built in 1971 and consist of 140 units in a combination of one, two, and three-bedroom units, on 7.75 acres. The property is located in the Southside submarket within minutes of convenient shopping and Downtown Jacksonville. Residents at Silversmith Creek Apartments enjoy amenities such as a swimming pool, fitness center, playground, clubhouse, and picnic areas with a dock and access to Arlington River.
For more information regarding the sale of Silversmith Creek Apartment Homes or any questions relating to multifamily investment assets, please contact John Rutherford at jr@naihallmark.com.
