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NAI Hallmark has announced the sale of The Park at River City for $7.5 million. Senior Vice President John Rutherford and Vice President Luke McCann brokered the transaction on behalf of seller Toro Real Estate Partners and buyer Park at River City LLC, the Buyer. Rutherford noted that this transaction is a testament to Jacksonville’s resiliency in today’s climate, as well as its potential upside compared to other major markets throughout the country.

The property was built in 1967 and consists of 104 units ranging from one-bedroom to two-bedrooms across 13 two-story buildings spread over 5.59 acres near Jacksonville International Airport. NAI Hallmark is proud to have represented both parties involved in this successful sale which highlights Jacksonville’s multifamily market strength despite current conditions nationwide