Pedcor Cos. Acquires Multifamily Property In Bradenton For $12M

Located at 3810 5th Street East in Bradenton, this multifamily property was recently sold in a closed transaction. The property consists of 92 units and was purchased by Pedcor Cos. from Asia Capital Real Estate (ACRE). The sale was facilitated by brokers Mike Donaldson and Nick Meoli from Cushman & Wakefield. The transaction was valued at $12,000,000, with a price per unit of $130,435.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $12,000,000
• Units: 92
• Price Per Unit: $130,435
• Buyer: Pedcor Cos.
• Seller: Asia Capital Real Estate (ACRE)
• Brokers: Mike Donaldson & Nick Meoli - Cushman & Wakefield
• Market: Bradenton
• Address: 3810 5th Street East

The sale of this property marks a significant transaction in the Bradenton market. Pedcor Cos. acquired the property from Asia Capital Real Estate (ACRE) with the assistance of brokers Mike Donaldson and Nick Meoli from Cushman & Wakefield. The buyer paid a total of $12,000,000 for the 92-unit multifamily property, resulting in a price per unit of $130,435.