Fort Myers apartment sells for $24M

FORT MYERS — Newton, Mass.-based real estate investment company Northland Investment Corp. purchased the 180-unit Bay Breeze apartments for $24.15 million.

The price equated to $134,167 per unit. That figure is higher than the average price per unit for multifamily space ($70,191) in Southwest Florida, according to the CoStar Group.

Now called the Bay Breeze Apartment Homes, the 30-acre gated property features 23 two-story, concrete block buildings with one-, two- and three-bedroom units. The 211,979-square-foot garden-style community, at 16001 Bayside Pointe, Fort Myers, was built in 1999 and 2000. Amenities include a heated swimming pool, clubhouse, tennis and volleyball courts, boat/RV storage, a walking and nature trail, fitness center and 9-acre stocked lake.