JACKSONVILLE, FL., – December 1st, 2021 – NAI Hallmark announces the sale of The Park at San Marco Apartments for $11,450,000. The property is located at 2943 Spring Park Road, Jacksonville, Florida 32207. Senior Vice President John Rutherford and Senior Associate Luke McCann brokered the transaction on behalf of the seller, Toro Real Estate Partners, to the buyer, San Marco Property LLC.
“The Park at San Marco is a great transaction for both Seller and Buyer as it represents a proven, full renovation in the immediate submarket that is benefiting from strong population growth and equal renter demand for upgraded or brand-new rental options.” said Senior Vice President John Rutherford of NAI Hallmark.
The 92-unit multifamily asset was built in 1972 and is comprised of two and three-bedrooms units housed in two-story buildings situated on almost five acres. Located in the San Marco submarket, the Property is just minutes from the prestigious San Marco Square and 55K+ jobs within Downtown Jacksonville, along with close proximity to I-95 with convenient access to all areas of the MSA.
For more information regarding the sale of The Park at San Marco Apartments or any questions relating to multifamily investment assets, please contact John Rutherford at jr@naihallmark.com
