The sale completes a full ownership cycle for the team. J+ Group represented the seller when it acquired the property in 2018. reLEASE Miami, J+ Group's affiliated property management company, then managed the renovation, and oversaw the building's operations through the sale.

Built in 1957, the single-story building contains 3,290 square feet on a 4,738-square-foot corner lot at SW 14th Terrace and SW 22nd Avenue with T3-O zoning. The unit mix consists of two studios of

approximately 450 square feet and four one-bedroom, one-bath apartments of approximately 600 square feet, each with an assigned on-site parking space. Interiors were updated with new kitchens, bathrooms, and tile flooring, and the on-site washer and dryer conveyed with the building.

“Shenandoah has a deep renter base and sits minutes from Brickell and Coral Gables, which keeps well-kept small multifamily in demand,” said Jesse Spencer. “When an owner has already put capital into the building, buyers are willing to pay for that certainty.”

At approximately $456 per square foot, the sale priced well above the $310 per square foot median for multifamily sales across South Florida in the first three quarters of 2026, according to a MIAMI REALTORS® + RWorld analysis of county records published in October 202