The property asset involved in this transaction is a multifamily building located at 311 Inlet Way in the Palm Beach Shores market. The transaction closed on September 30, 2025, with a sale price of $3,600,000. The asset comprises 14 units with a total square footage of 7,302, resulting in a price per unit of $257,142 and a price per square foot of $493.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,600,000
• Units: 14
• Square Feet: 7,302
• Price Per Unit: $257,142
• Price Per Square Foot: $493
• Buyer: JD Bols
• Seller: Inlet Reef Apartments
• Brokers: Daniel J. Cunningham, Dillon Majeski, River Rhoads, Cory Sanchez & Evan Richardson - Marcus & Millichap

The Cunningham-Richardson Group represented both the buyer, JD Bols, and the seller, Inlet Reef Apartments, in this transaction. Negotiations included favorable seller financing terms, as noted by River Rhoads, the lead agent on the deal, indicating successful facilitation of this transaction on the south end of Singer Island.