TerraCap Management Sells Bonita Springs Multifamily For $87.3M

A multifamily property located at 28790 Versol Drive in Bonita Springs has recently been sold for a total price of $87,250,000. Spanning over 27.35 acres, the property offers 240 units, making the price per unit approximately $363,542. The sale was finalized on December 16, 2022.

Summary of Transaction Details

• Property Type: Multifamily
• Transaction Amount: $87,250,000
• Address: 28790 Versol Drive, Bonita Springs
• Market: Bonita Springs
• Acres: 27.35

The seller of the property was TerraCap Management, a renowned name in the real estate industry. The transaction was facilitated by Jamie May, a representative from JBM® Institutional Multifamily Advisors, serving as the broker in the deal.