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2277 Arbour Walk Circle

Updated Jun 20, 2025

Bassam Yammine Of Excelsa Properties Purchases Oasis Naples Multifamily For $40.92M
SOLDMultiFamily

Bassam Yammine Of Excelsa Properties Purchases Oasis Naples Multifamily For $40.92M

2277 Arbour Walk Circle

$40,920,000

Units

216

Asset Type

MultiFamily

Closing

Jun 19, 2025

About this deal

AI

The multifamily asset located at 2277 Arbour Walk Circle in Naples comprises 216 units and was acquired for $40,920,000. This property, known as the Oasis Naples apartment complex, features resort-style amenities and consists of 18 buildings. The development was completed in 1992, and the price per unit was calculated at $189,444. Excelsa Properties plans to invest an additional $7 million in upgrades to enhance the property's appeal and performance.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $40,920,000
  • Units: 216
  • Price Per Unit: $189,444
  • Buyer: Bassam Yammine
  • Agency: Excelsa Properties
  • Market: Naples

Bassam Yammine, representing Excelsa Properties, executed the purchase of the Oasis Naples apartment complex and noted that this acquisition marks the second Florida investment for the company in the past year.

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$40,920,000

MultiFamily

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Players

Excelsa Properties
Excelsa PropertiesBuyer
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Naples MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $189.4K per unit across 216 units on a published $40.9M (2025).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.39%

Cash-on-Cash

-0.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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