Channelside Apartments- Fort Myers sold for $65,200,000

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According to the Lee County Clerk of Court Official Records, Channelside Apartments sold on August 1st, 2019 for a record $65,200,000.   

Aerial of Channelside Apartments from LeePA

Buyer: Riverside Sunshine Investments, a Delaware Registered LLC

Seller: Channelside Apartments LLC 

Address and link to Lee County Property Appraiser: 
Fort Myers, FL

325 Units

2019 Purchase Price: $65,200,000

2019 Per door price: $200,615


2016 Purchase price: $55,000,000 
2016 Per door price: Approximately $170,000

The raw land price for this site, which was owned-developed by McGregor 325 LLC was $4,500,000.
The approximate price for the construction of the rental community was $26,000,000. The general contractor was Brooks & Freund.

Information sources: Lee County Clerk of Court, Lee County Property Appraiser. 
Research completed by: Paige Rausch


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