Southport Financial Acquires Multifamily Property In Fort Pierce For $32.2M

Southport Financial has acquired a multifamily property located at 2750 US-1 in Fort Pierce. The property consists of 320 units and was sold by Code Capital Partners for a price of $32,200,000, corresponding to a unit price of $100,625. The transaction took place on March 5, 2021. Avery Jordan, Mark Savarese, Zach Ames, and Darron Kattan from Franklin Street represented both the buyer and the seller in the deal.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $32,200,000
• Address: 2750 US-1, Fort Pierce
• Market: Fort Pierce
• Buyer: Southport Financial
• Seller: Code Capital Partners
• Brokers: Darron Kattan, Zach Ames, Avery Jordan, and Mark Savarese - Franklin Street
• Units: 320
• PPU: $100,625

The involvement of Avery Jordan, Mark Savarese, Zach Ames, and Darron Kattan from Franklin Street showcases the collaboration between these individuals in facilitating the transaction. The deal exemplifies their expertise in representing both the buyer and the seller, resulting in a successful sale of the multifamily property in Fort Pierce.