Fincapital Investments Acquires Multifamily In Jacksonville For $8.5M

The multifamily property located at 1135 Bert Road and 7210-7220 Parker School Road in Jacksonville has been sold in a recent transaction. The property spans across 3.16 acres and consists of 78 units. The sale was facilitated by Luke McCann and John Rutherford of NAI Hallmark, who represented the buyer, Fincapital Investments, and the seller, TASS Investments. The transaction closed on April 27, 2022, with a sale price of $8,500,000.

Summary of transaction details:

• Property Type: Multifamily
• Sale Price: $8,500,000
• Number of Units: 78
• Price Per Unit: $108,974
• Address: 1135 Bert Road & 7210-7220 Parker School Road, Jacksonville
• Market: Jacksonville
• Broker: Luke McCann & John Rutherford - NAI Hallmark

Fincapital Investments, the buyer in this transaction, acquired the property from TASS Investments. Luke McCann and John Rutherford of NAI Hallmark represented both parties in the deal. The sale of this multifamily property signifies a significant investment in the Jacksonville market, further contributing to the growth and development of the area.