September 5, 2019
Cushman & Wakefield has arranged the $43 million sale of Lakes at North Port, a 312-unit, garden-style apartment community in North Port.
Located at 1015 Ohana Way, the property is situated on approximately 27 acres and is comprised of 14, three-story buildings. Amenities at the 95%-occupied community include a resort-style swimming pool with sundeck, clubhouse, pet park, playground, and picnic area with grilling stations, as well as a fitness center and 10 reserved parking spaces for boats and RVs.
Nick Meoli and Mike Donaldson of Cushman & Wakefield’s Florida Multifamily Investment Sales Team represented the seller, Canadian real estate investment firm Symcor Capital Properties, in the transaction. The buyer was Kansas-based investor and developer Cohen-Esrey Apartment Investors.
For comments, questions or concerns, please contact David Cohen