NAPLES,
Fla., Aug. 8, 2024 /PRNewswire/ --
JBM® Institutional Multifamily Advisors is pleased to
announce the sale of another Class A+ Southwest Florida multifamily property –
Tropia Wellen Park. The seller was Davis Development – a nationally
recognized developer based out of Atlanta, GA. This is JBM®'s second
transaction with the Davis Development team in just two years.
Tropia Wellen Park is a brand new, class A+, 2023-built,
3-story, elevator serviced property that sits on 13.6 acres +/-.
The community has an affluent tenant base with an average household
income of $176K+ and features tremendous walkability to nearby
restaurants in Downtown Wellen.
Amenities
The Property offers an ultra-modern amenity package, including a
resort-style pool, covered outside pavilion with TVs, two-story
state-of-the-art fitness center, pet spa, as well as garages and
storage units available for rent. The 15K+ SF clubhouse includes a
demonstration kitchen, private offices, billiards, golf simulator,
movie theater, Luxer One package lockers, and two rentable guest
suites.
Units
Units are comprised of luxurious interiors with open-concept
floorplans averaging 1,070 SF. All units possess upscale wood
finish flooring throughout, spacious walk-in closets, and
screened-in balconies. The fully equipped, chef-inspired kitchens
feature white quartz countertops, Frigidaire stainless steel
appliances, modern flat-panel cabinetry with built-in wine racks,
under cabinet lighting, designer tile backsplash, undermount
single-basin stainless steel sinks with pulldown gooseneck faucets,
and USB ports. The spa-inspired bathrooms feature white quartz
vanities, framed mirrors, double-sink vanities and glass walk-in
showers in select units.
Location
Tropia is located within Wellen
Park, an 11,000-acre master-planned community that serves as
a premier shopping, dining and entertainment destination for
residents. Wellen Park is ranked as
one of the best-selling master-planned communities in the entire
U.S. and is zoned for A-rated schools. It has tremendous visibility
and connectivity located directly along US Highway 41 with a Publix
less than half a mile away.
About JBM®
JBM® holds a 70%+ market share across Southwest Florida and is the #1 ranked
boutique brokerage firm in the U.S.A. despite only transacting in
Florida. Green Street's 2023
national multifamily broker rankings ranks JBM® as
the #1 highest average sold price per transaction throughout the
entire U.S.A. and #1 highest
average sales price per unit throughout Florida. JBM® has a lifetime
transactions volume over $19.4
billion and 169,000 units.
JBM - Available Properties
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SOURCE JBM Institutional Multifamily Advisors