NAPLES, Fla.,
July 15,
2024 /PRNewswire/ -- JBM® Institutional
Multifamily Advisors is pleased to announce the sale of another
Southwest Florida multifamily
property – Brantley Pines for
$57,000,000 or $192,568/unit. The seller was The Inland Real
Estate Group of Companies, Inc. – one of the nation's largest
commercial real estate companies. The buyer was Boca Raton-based Interface Properties. To
date, JBM® has transacted on over $930 Million with Inland on both the buy and
sell-side.
This 29.11-acre, 296-unit property is located in Fort Myers, FL and was built in 2 phases
(1988/1997) featuring a low-density site plan with 10.17 units per
acre. 46% of the Property has been previously renovated. Interface
plans on continuing a renovation program while also adding a
lakeside walking path, and enhancing the clubhouse, pool area,
landscaping, and more.
Amenities
Unique amenities include a resort-style pool, lakeside deck,
fenced-in dog park, and brand new pickleball courts. There are also
poolside grilling stations and a 24-hour, fully equipped fitness
center. There are reserved parking and storage units available for
rent as well.
Unit Features
Units are comprised of one, two, and three bedrooms averaging
908 SF. Upgraded units feature white shaker-style cabinets with
brushed nickel hardware, resurfaced countertops, and updated light
fixtures. Select units have stainless steel appliances and faux
wood plank flooring. Phase 2 units feature 9′ and vaulted ceilings
as well as French doors leading to patios. All units have walk-in
closets, washers and dryers, and large screened-in
patios/balconies.
Location
Brantley Pines is exceptionally
well-located and features tremendous connectivity located just west
of U.S. Highway 41 and north of Daniels Parkway providing access to
all points of the broader Fort Myers MSA. The Property is just 1
mile to Publix Super Market and less than 2 miles to Target and
Whole Foods. Lee Health Gulf Coast Medical Center and Lee Memorial
Hospital are less than 5 miles away from the Property.
About JBM®
JBM® holds a 70%+ market share across Southwest Florida and is the #1 ranked
boutique brokerage firm in the U.S.A. despite only transacting in
Florida. Green Street's 2023
national multifamily broker rankings ranks JBM® as
the #1 highest average sold price per transaction throughout the
entire U.S.A. and #1 highest
average sales price per unit throughout Florida. JBM® has a lifetime
transactions volume over $19.4
billion and 168,000 units.
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SOURCE JBM Institutional Multifamily Advisors