Franklin Street Brokers $25M Sale of Naples Home Neighborhood

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Franklin Street has actually brokered the $25.4 million sale of Wild Pines of Naples Apartments, a 200-unit, garden-style home area in Naples.

Situated at 2580 Wild Pines Lane, the property is composed of 19 buildings spread out across nearly 11 acres. The neighborhood includes 96 market-rate devices and 104 rent/income restricted systems. All systems at the area are one-bedroom and also average 600 square feet. Amenities consist of 2 pools, washing centers, a business center, full-service fitness center and picnic areas.

Darron Kattan, Zach Ames, Kevin Kelleher, Avery Jordan and also Mark Savarese of Franklin Street set up the sale in behalf of the seller, Axonic Features. The purchaser was investment monitoring platform GMF Capital. Both companies are based in New York.

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