Stonemont Village Apartments in Jacksonville sold - Jacksonville Business Journal

Stonemont Village apartments recently sold for $13 million, NAI Hallmark announced.NAI Hallmark Vice President Luke McCann and Senior Vice President John Rutherford brokered the transaction on behalf of Huber Equity Group, the seller, and a joint venture between Navarino Capital Management and Mayfair Investment Partners as the buyers.

“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,” McCann said in a release. “The new construction projects along U.S. 1 to the north, to the intersection redevelopment at U.S. 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 nine two-story buildings comprised of both one- and two-bedroom units.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Davinci Micro Fulfillment to open Southeast Hub on Jacksonville's Northside - Jacksonville Business JournalFulfillment company to open Southeast hub on Northside
Source: JaxBizJournal - 🏆 599. / 51 Read more »

Corner Lot breaks ground on Home2 Suites hotel in downtown Jacksonville - Jacksonville Business JournalThe $17 million hotel project consists of 100 rooms.
Source: JaxBizJournal - 🏆 599. / 51 Read more »

Why franchises are booming in Jacksonville - Jacksonville Business JournalWhy entrepreneurs in Jacksonville are finding success partnering with national chains
Source: JaxBizJournal - 🏆 599. / 51 Read more »

The List: First Coast's largest medical groups - Jacksonville Business JournalHere are the First Coast's largest medical groups by the number of doctors on clinicians.
Source: JaxBizJournal - 🏆 599. / 51 Read more »