Investment firm Axonic Capital buys Bella Rosa, Park Place apartments

BUYER: Deleon Street Apartments LLC (manager: Florida Rental Specialists LLC), New York City
SELLER: Park Place Apartment Properties LLC and Bella Rosa Apartments LLC
PROPERTY: 4615-4775 and 4620-4666 Deleon St., Fort Myers
PRICE: $19.25 million
PREVIOUS PRICE: $7.4 million, June 2013 and $6 million, December 2011
LAW FIRM ON DEED: Macfarlane Ferguson & McMullen, Clearwater

PLANS, DESCRIPTION:
New York City-based trading and investment firm Axonic Capital purchased the 160-unit Bella Rosa Apartments and 177-unit Park Place Apartments for $19.25 million.

The price equated to $57,122 per unit. That figure is less than the average price per unit for multifamily space ($70,191) in Southwest Florida, according to the CoStar Group.