Invitation Homes Acquires Multifamily In Fort Pierce From Axonic Properties For $12.5M

The multifamily property located at 125 Carol Susan Ln in Fort Pierce was sold for $12,500,000. The property consists of 53 units with a price per unit of $235,849. It spans 70,755 square feet, equating to a price per square foot of $177.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $12,500,000
• Buyer: Invitation Homes
• Seller: Ben Platt, Jonathan Shechtman & Brian Kennedy - Axonic Properties
• Seller's Representative: Sean Shahar Ziv - GLT Group
• Units: 53
• Square Footage: 70,755

Invitation Homes acquired 53 units within the townhome community from the sellers. Axonic Properties, led by Jonathan Shechtman and Brian Kennedy, had previously purchased 47 units and 30 lots in the same community. GLT Group represented Axonic Properties in this transaction.