Sentinel Management Acquires Multifamily Property In Blaine From Berkshire Residential Investments For $36.94M

An apartment building located at 9436 Ulysses Street Northeast in Blaine, Minnesota, was sold for $36,940,000. The property, known as Viridian Central, consists of 191 units with an average size of 889 square feet. The buyer, Fabrizio Montermini from Sentinel Management, acquired the property in a cash transaction from the seller, David Olney of Berkshire Residential Investments. CBRE represented the seller in this transaction.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $36,940,000
• Units: 191
• Price Per Unit: $193,403
• Address: 9436 Ulysses Street Northeast
• Market: Blaine, Minnesota

Abe Appert, Keith Collins, and Ted Abramson from CBRE facilitated the sale of the property. Sentinel Management, based in Edina, completed the purchase of the apartment building, which boasts strong occupancy rates and various amenities. Previously known as Berkshire Central, the property has been rebranded as Viridian Central as part of the transaction.