Passco Cos. has sold Longitude 82, a class A+ southwest Florida multifamily property, for $115 million.
The new owner was not disclosed; however, JBM® Institutional Multifamily Advisors brokered the sale on behalf of the seller and buyer.
The property sits on a 32.55-acre site and comprises 360 units averaging 971 square feet. This equates to a desirable low-density site of just over 11 units per acre.
Amenities include a resort-style saltwater pool, 24-hour state-of-the-art fitness center with Precor equipment, dog park, package lockers, valet trash, shaded children’s playground, car care center and garages available for rent.
Apartment amenities feature modern, open-concept floorplans; chef-inspired kitchens with granite countertops, GE stainless steel appliances, flat-panel espresso cabinets, built-in wine racks and kitchen islands with breakfast bar; luxury faux wood-plank flooring in living areas; in-suite washer and dryer; and walk-in
