Beneva Redevelopment LP Acquires 40-Unit Multifamily Property In Sarasota For $3.1M

The multifamily property located at 650 N. Beneva Road in Sarasota was sold in a closed transaction for a price of $3,100,000. The property consists of 40 units, with a price per unit (PPU) of $77,500.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $3,100,000
• Units: 40
• Price per Unit: $77,500

The buyer of the property was Beneva Redevelopment LP, while the seller was Goodwill Manasota. The transaction was facilitated by Luis Baez, Miles Tombrink, Casey Babb, and Shawn Rupp from Marcus & Millichap, who acted as brokers in the deal.