Sam Lukach Acquires Multifamily Property In Fort Myers For $3.8 Million From Kevin Smith

The property involved in this transaction is a multifamily asset located at 2771 Royal Palm Avenue in Fort Myers. The sale was executed for a price of $3,800,000, encompassing a total of 33 units. The property spans a square footage of 25,359, resulting in a price per unit of $115,151 and a price per square foot of $149.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,800,000
• Address: 2771 Royal Palm Avenue
• Market: Fort Myers
• Units: 33
• Square Footage: 25,359
• Price per Unit: $115,151
• Price per Square Foot: $149
• Buyer: Sam Lukach
• Seller: Kevin Smith
• Bрокers: Daniel J. Cunningham, River Rhoads, Dillon Majeski, Cory Sanchez & Evan Richardson - Marcus & Millichap

This transaction was characterized as a complex, lender-controlled process that had previously struggled in the market. The brokerage team successfully reintroduced the asset, generating multiple competitive offers. The all-cash buyer was chosen to ensure a smooth closing process, with Dillon Majeski serving as the lead agent on the deal.