Matthews™ Closes $5.65M Sale of Jacksonville Multifamily Portfolio

Murray Hill Gardens Sale

 

Jacksonville, FL— Matthews Real Estate Investment Services™, a commercial real estate investment services and technology firm, managed the successful closing of the three-property Murray Hill Gardens Portfolio in Jacksonville, FL. Matthews™ Associate William Bruce and First Vice President Cameron Hooper represented the seller in the transaction.

 

The portfolio consists of 48 one-bedroom units and eight two-bedroom units across four buildings. Located in Jacksonville’s vibrant Murray Hill neighborhood, the apartment units offer local eateries and boutique shops within close proximity. Traditionally at 100% occupancy, with most units still in classic condition, the property offers significant upside through unit renovations.

 

“Through a diligent and robust marketing campaign, we were able to highlight the unique value this portfolio has and achieve a great price for our client, as well as a profitable investment for the buyer,” Bruce said.

 

Lone Moon Capital acquired the investment. They plan to immediately execute a renovation plan to upgrade the units to create community enhancement.

 

“Lone Moon Capital is excited to enter this growing submarket and we look forward to seeing the successful execution of their renovation plan,” Hooper said.

 

The sale included 4809 Plymouth Street, 1175 Randolph Street, and 4818 Alpha Avenue.

 

For more information or to contact a Matthews™ specialized agent, please visit www.matthews.com.

 

About Matthews™

Matthews Real Estate Investment Services™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Based out of Nashville, TN, and strategically positioned with over 1,000 agents and employees in 25+ offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.