Cindy Hernandez Acquires Sarasota Multifamily At 1160 Four Seasons Circle For $8M

The property asset involved in this transaction is a multifamily unit located at 1160 Four Seasons Circle, Sarasota. The sale price was $8,000,000 for 80 units, amounting to a price per unit of $100,000. The total square footage of the property is 74,961, resulting in a price per square foot of $106. The property operates as a LIHTC, 65+ Senior Living Community.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $8,000,000
• Units: 80
• Price Per Unit: $100,000
• Square Footage: 74,961
• Price Per Square Foot: $106
• Buyer: Cindy Hernandez
• Broker Representatives: Samuel Finkler & Reese Weaver - Besen Partners

The Besen Private Capital Group exclusively represented ownership in this sale and managed to procure multiple written offers, ultimately negotiating an as-is, non-refundable day one contract deposit.