$96M MultiFamily Sale On Winkler Ave, Fort Myers, FL Without Buyer Identification
3701 Winkler Ave, Fort Myers, FL, 339...
$96,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Nov 20, 2023
AI
The Retreat at Vista Lake is a 640-unit, garden-style apartment complex located at 3701 Winkler Ave in Fort Myers, FL. Spanning 35 acres, the property consists of 32 two- and three-story buildings with one-, two-, and three-bedroom floor plans averaging 867 square feet. Amenities include two pools, a fitness center, gazebo with grilling area, tennis courts, racquetball court, lakeside basketball court, dog park, and a business center.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $96,000,000.00
- Market: Fort Myers
- Address: 3701 Winkler Ave, Fort Myers, FL
Matt Mitchell, Zach Nolan, Brett Moss, Drew Jennewein, Jarrod Smith, and Bailey Smith of JLL represented the undisclosed seller in the $96 million transaction. The buyer, an undisclosed private partnership, successfully acquired The Retreat at Vista Lake.
Fort Myers MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.17%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93