SJA Partners Acquires Palm Bay Multifamily For $19.6M

A multifamily property located at 3016 Pinewood Dr NE in Palm Bay has recently been sold. The property consists of 216 units and was sold for a total price of $19,600,000. This translates to a price per unit of $90,741.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $19,600,000
• Address: 3016 Pinewood Dr NE, Palm Bay
• Market: Palm Bay

The buyer of the property is SJA Partners, while the seller is Wells Boys & Girls Property Management. The deal was facilitated by brokers Darron Kattan, Zach Ames, Avery Jordan, and Mark Savarese from Franklin Street.