Sentinel Corp. Acquires Multifamily Portfolio In Miami Beach & Bay Harbor Islands For $96.5M

The sale of a multifamily property portfolio in Miami Beach and Bay Harbor Islands has been completed for a total price of $96,500,000. The portfolio consists of 452 units, with a price per unit of $213,495. The properties included in the sale are located at 705 & 760-762 Lenox, 710, 948-952, 1025 & 1567 Meridian, 715 Michigan, 844-860, 1251, 1440, 1455 & 700 Euclid, 850 15th Street, 1135 8th Street 1600 West Avenue, 1606 West Avenue, 825 Alton, 951 & 1017 Jefferson, 1110, 1326 & 1336 Penn, 1226 & 1348 Drexel, 1211 Alton Road, 9200, 9270 & 10150-10190 East Bay Harbor Drive & 1075 101 Street.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $96,500,000
• Units: 452
• Price per Unit: $213,495

The buyer for this transaction is Sentinel Corp., represented by John Streicker, Michael Streicker, Scott Arden, Martin Cawley, and George Tietjen. The seller is Boardwalk Properties, represented by the Gober Family and Adam Walker. The brokers involved in the deal are Calum Weaver, Robert Given, Zach Sackley, Troy Ballard, and Aaron Jungreis from Cushman & Wakefield and RosewoodRG.