Navarino Capital Management & Mayfair Investment Partners Acquire Multifamily Property In Jacksonville For $6.25M

A multifamily property located at 1865 Edgewood Ave. W. in Jacksonville has been sold for $6,250,000. The property consists of 54 units, with a price per unit of $115,741. The sale took place on 07/21/2022.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $6,250,000

The buyer of the property is Navarino Capital Management and Mayfair Investment Partners. The sellers include Gan Realty LLC, Alpha Jacksonville Holdings LLC, Gaerman Realty LLC, and Jax RE Block LLC. The deal was facilitated by brokers Luke McCann and John Rutherford from NAI Hallmark.