Park At River City LLC Acquires 104-Unit Multifamily Property In Jacksonville

A 104-unit multifamily property located at 10621 Monaco Drive in Jacksonville's Northside has been sold for $7.5 million. The property was built in 1967 and spans across 5.59 acres. The transaction was brokered by NAI Hallmark Senior Vice President John Rutherford and Vice President Luke McCann on behalf of the buyer, Park at River City LLC, and the seller, Toro Real Estate Partners.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $7,500,000
• Address: 10621 Monaco Drive
• Market: Jacksonville
• Acres: 5.59

Park at River City LLC, a Beverly Hills-based buyer, acquired the multifamily property. The deal was facilitated by brokers John Rutherford and Luke McCann from NAI Hallmark. The property was sold by Toro Real Estate Partners.