Pine Parks Investors Acquires MultiFamily Property In Bradenton For $16.25M

The multi-family property located at 103 Church Avenue in Bradenton, Florida has been sold for a price of $16,250,000. The property consists of 87 units, with an average price per unit of $186,782. It spans a total area of 130,680 square feet, resulting in a price per square foot of $124.

Summary of transaction details

• Property Type: MultiFamily
• Transaction Amount: $16,250,000
• Address: 103 Church Avenue, Bradenton, Florida
• Market: Bradenton, Florida
• Buyer: Pine Parks Investors - Shawn Kaleta
• Seller: Jackson Family Partnership - William & Richard Jackson
• Broker: James Cook - Yale Realty & Capital Advisors
• Asking Price: $16,000,000
• Units: 87
• Average Price per Unit: $186,782
• Total Area: 130,680 square feet
• Price per Square Foot: $124

The sale of this iconic multi-family property marks a significant milestone for the Jackson family, who have entrusted broker James Cook of Yale Realty & Capital Advisors with finding a suitable buyer. After a five-week Call for Offers (CFO) campaign, Pine Parks Investors emerged as the top buyer, offering superior terms and pricing. The transaction garnered robust interest from multiple groups, demonstrating the property's appeal in the market.