Colliers International Tampa Bay on there web site announced the closing of an 82-unit bulk condominium transaction in North Fort Myers.
It was a remaining 82 lender-owned units out of 92-units at The Palms at Waters Edge condominium. The assets were acquired by a Naples based LLC for a purchase price of $4.3 million.
Colliers International Tampa Bay worked exclusively on behalf of the owner, Redus Florida Condos, LLC (Wachovia Bank), to facilitate the sale.
The property originally sold 2005 for $9.2 million. Palms at Waters Edge was built in 1974 and was substantially renovated in 2006-2007 for the purposes of conversion to condominiums.
If you are looking for a New construction Builder Close out, Broker Representation at an auction or listing feasibility analysis and a quick sale offer of your unsold product Bulk condo or Multifamily apartments. We have buyers in Canada, UK, and US Hedge funds, waiting for South West Flroda Distressed assets.
Please call Mike Rivera, CIB, ABR
Investment Real Estate Analyst
Star Capital Group
Naples Fl
954-957-3134 Office
239-775-2066 Fax
Mike Rivera, Ferrer & Associates,LLC
Subscribe to:
Post Comments (Atom)
A condo can be a great investment and a great place to live. For some, living in a condo means no worries about garden maintenance, availability of recreational facilities such as a swimming pool and tennis court etc.
ReplyDeleteCondo Investment