JTA Real Properties Acquires 88-Unit Multifamily In Jacksonville For $7.4M

Located at 5641 California Avenue in Jacksonville, this multifamily property was recently sold in a closed transaction. The deal was facilitated by brokers John Rutherford and Vaughn Goebel of NAI Hallmark on behalf of the buyer JTA Real Properties. The sale took place on September 3, 2021.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $7,400,000
• Units: 88
• Price Per Unit: $84,091

This transaction highlights the collaborative efforts of John Rutherford and Vaughn Goebel from NAI Hallmark, who successfully represented JTA Real Properties in acquiring this multifamily property at 5641 California Avenue. The deal demonstrates their expertise in the Jacksonville market and their ability to negotiate a favorable price of $7,400,000 for the buyer.