TerraCap Management Acquires 240-Unit Multifamily Property In Bonita Springs For $70.4M

Located at 28790 Versol Dr in Bonita Springs, this multifamily property was recently sold. The transaction took place on 06/03/2021, with a sale price of $70,400,000. The property consists of 240 units, resulting in a price per unit of $293,333.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $70,400,000
• Address: 28790 Versol Dr
• Market: Bonita Springs
• Buyer: TerraCap Management - Steve Hagenbuckle & Steve Good
• Seller: Milhaus
• Broker: Jamie May - JBM Institutional Multifamily Advisors
• Units: 240
• Price Per Unit: $293,333

The buyer in this transaction was TerraCap Management, represented by Steve Hagenbuckle and Steve Good. The seller was Milhaus. Handling the brokerage for the deal was Jamie May from JBM Institutional Multifamily Advisors.