Cedar Hill Apartments Sold By NAI Hallmark – Find Out How We Did It!

NAI Hallmark has successfully brokered the sale of Cedar Hill Apartments (https://www.naihallmark.com/recent-deals/nai-hallmark-brokers-sale-of-cedar-hill-apartments/), a 113-unit multifamily property in Jacksonville, FL for $14,450,000. The recently renovated asset was built in 1966 and consists of eight buildings on 5.35 acres with units ranging from studios to three bedrooms located along I-295 in the Westside submarket.Senior Vice President John Rutherford and Vice President Luke McCann represented a joint venture partnership between Westmount Square Capital & Miramar Capital who served as sellers during this transaction.
John Rutherford commented on this successful sale by saying: “This is an example of the continued flight of investors to Southeast markets such as Jacksonville that offer an opportunity for stable occupancy and consistent rent growth”