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

5000 Kernan Boulevard
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This MultiFamily property located in FL was sold for $83,150,000 over 3 years ago.

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.

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Deals
  • Location
    5000 Kernan Boulevard South, Jacksonville, FL 32224, USA5000 Kernan Boulevard South, Jacksonville, FL 32224, USA
  • Sale Price
    $83,150,000$83,150,000
    $57,030 PPSF$57,030 PPSF
  • Area
    1,458 SF1,458 SF
  • Asset Type
    MultiFamilyMultiFamily

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Deal Summary

SALE IMAGE: Michael Streicker DATE: 07/21/2021 ADDRESS: 5000 Kernan Blvd MARKET: Jacksonville ASSET TYPE: Multifamily BUYER: Sentinel Real Estate Corp - Michael Streicker SELLER: Bainbridge St. Johns Town Center Owner LLC SALE PRICE: $83,150,000 UNITS: 276 ~ PPU: $301,268 ACRES: 17.09 ~ PPA: $4,865,418

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