Spring Property Group Acquires Multifamily Asset From Sheila Young For $17.2M In San Bernardino

The property asset involved in the transaction is a multifamily unit located at 1200 Kendall Drive in the San Bernardino market. The sale price for the property was $17,200,000, which translates to $152,212 per unit for a total of 113 units. The property encompasses a total square footage of 83,844, resulting in a price per square foot of $205.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $17,200,000
• Units: 113
• Price per Unit: $152,212
• Square Footage: 83,844
• Price per Square Foot: $205
• Buyer: Spring Property Group
• Seller: Sheila Young
• Brokers: Luc Whitlock, Kip Malo & Alexandra Caniglia - JLL

Luc Whitlock, Kip Malo, and Alexandra Caniglia represented the deal on behalf of the involved parties as brokers from JLL. They played a significant role in facilitating the transaction between the buyer, Spring Property Group, and the seller, Sheila Young.