Dominium Apartments Acquires Multifamily Asset In Lehigh Acres From MRK For $25 Million

The transaction involves a multifamily asset located at 1232 Village Lakes Boulevard in Lehigh Acres. The property consists of 256 units, with a total square footage of 178,880. The sale price for the asset was $25,000,000, resulting in a price per unit of $97,656 and a price per square foot of $139.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $25,000,000
• Address: 1232 Village Lakes Boulevard
• Market: Lehigh Acres
• Units: 256
• Square Footage: 178,880
• Price Per Unit: $97,656
• Price Per Square Foot: $139
• Buyer: Dominium Apartments
• Seller: MRK - Sydne Garchik
• Broker Representatives: Joshua Slovin - Wolf Co Real Estate, Barrett Wolf - Wolf Co Real Estate

Wolf Co Real Estate successfully represented both the buyer, Dominium Apartments, and the seller, MRK - Sydne Garchik, in this challenging market environment. The brokers involved, Joshua Slovin and Barrett Wolf, highlighted the strength of their relationships and execution capabilities that enabled access to this off-market transaction.