Bainbridge Companies Acquires Multifamily Property In Jupiter For $161.1M

The multifamily property located at 1456 Cades Bay Avenue & 4515 Main Street in Jupiter has been sold for a total of $161,100,000. The property encompasses 10.5 acres and consists of 304 units, resulting in a purchase price per unit of $529,934. The sale took place on 06/03/2022 and was facilitated by real estate companies Bainbridge Companies, TPG Real Estate Partners, and Klingbeil Capital Management. JPMorgan Chase Bank provided the financing for the transaction.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $161,100,000
• Address: 1456 Cades Bay Avenue & 4515 Main Street
• Market: Jupiter
• Acres: 10.5

Richard Schechter and Avi Banyasz represented Bainbridge Companies and TPG Real Estate Partners, respectively, in the deal. The buyer's representatives worked alongside their respective agencies to successfully negotiate the purchase. Additionally, Klingbeil Capital Management acted as the seller in the transaction.