Sentinel Real Estate Corp Acquires Multifamily Property In Jacksonville For $83.15M

The multifamily property located at 5000 Kernan Blvd in Jacksonville was recently sold for a total price of $83,150,000. The property spans across 17.09 acres and consists of 276 units, resulting in a price per unit of $301,268 and a price per acre of $4,865,418. This transaction took place on July 21, 2021, and was facilitated by Sentinel Real Estate Corp as the buyer and Bainbridge St. Johns Town Center Owner LLC as the seller.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $83,150,000
• Address: 5000 Kernan Blvd, Jacksonville
• Market: Jacksonville
• Units: 276
• Price per Unit: $301,268
• Acres: 17.09
• Price per Acre: $4,865,418

Michael Streicker, representing Sentinel Real Estate Corp, played a key role in the transaction as the buyer's representative. The sale of this multifamily property showcases the strong market demand and investment interest in Jacksonville's real estate sector.