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Pedcor Cos. Acquires 188-Unit Naples 701 Multifamily Complex For $30.2M

Property Image
SOLD
$30,200,000

Florida

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MultiFamily
Sold 08/13/2023
the dealdetailscomps
Property Image
SOLD

Pedcor Cos. Acquires 188-Unit Naples 701 Multifamily Complex For $30.2M

3531 Plantation Way

See Similar Deals
MultiFamily
Sold 08/13/2023
the dealdetailscomps

Summary

FLORIDA
Asset Type:MultiFamily
Transaction Type:Sale

Indiana's Pedcor Cos. has purchased the 188-unit Naples 701 apartment complex in Florida for $30.2 million from Naples SI. The multifamily property, located at 3531 Plantation Way in Naples, offers a total of 188 units. The sale price amounts to approximately $160,638 per unit.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $30,200,000
  • Address: 3531 Plantation Way, Naples
  • Market: Naples
  • Buyer: Pedcor Cos. - Gerald Pedigo
  • Seller: Naples SI LLC
  • Number of Units: 188
  • Price Per Unit: $160,638

Pedcor Cos., headed by Gerald Pedigo, was the buyer in this transaction, while Naples SI LLC was the seller. Interestingly, previous records indicate a connection between the two companies. Naples SI had used Pedcor's address to reserve its name before acquiring the Naples 701 apartment complex in October 2020 for $24 million.

Players

PC
Pedcor Cos.
BUYER

Details

SOLD
IMAGE: Gerald Pedigo DATE: 08/13/2023 ADDRESS: 3531 Plantation Way MARKET: Naples ASSET TYPE: Multifamily BUYER: Pedcor Cos. - Gerald Pedigo SELLER: Naples SI LLC SALE PRICE: $30,200,000 UNITS: 188 ~ PPU: $160,638 NOTE: Indiana's Pedcor Cos. has purchased the 188-unit Naples 701 apartment complex in Florida for $30.2 million from Naples SI. Interestingly, prior records show a connection between the two companies, as Naples SI reserved its name using Pedcor's address before buying the complex for $24 million in October 2020.

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