JACKSONVILLE, FL., – August 19th, 2022 – NAI Hallmark announces the sale of Stonemont Village at a price of $13,000,000. The 89-unit multifamily property is located at 2930 Stonemont Street in Jacksonville, Florida. Vice President Luke McCann and Senior Vice President John Rutherford brokered the transaction on behalf of Huber Equity Group, the Seller, and a JV between Navarino Capital Management and Mayfair Investment Partners as the Buyers.
“NAI Hallmark is pleased to have represented the Seller and Buyer in the sale of Stonemont Village. The property is in a premier location within the San Marco submarket offering tremendous upside as the immediate area continues to be a top destination for renters and investors alike,” said McCann. “The new construction projects along US 1 to the north, to the intersection redevelopment at US 1 and Emerson Street to the south will further enhance the property and bring continued value to the neighborhood.”
Situated on 5.17 acres, the multifamily asset was built in 1974 and consists of 89 units in 9 two-story buildings comprised of both one- and two-bedroom units. Located in the San Marco submarket, the Property is just minutes from the prestigious San Marco Square and the recently opened East San Marco retail center, along with being within close proximity of Downtown Jacksonville and I-95 which provides convenient access to all areas of the MSA.
For more information regarding the sale of Stonemont Village or any questions relating to multifamily investment assets, please contact Luke McCann at lmm@naihallmark.com.
