The Real Deal Miami

Bulk sale of 78 Naples condos fetches $8.55 million

Marcus & Millichap brokered the sale of the condos to a buyer who intends to rent them

July 30, 2016 12:00PM

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Oasis at Naples

Oasis at Naples

Commercial real estate brokerage Marcus & Millichap handled the $8.55 million sale of 78 condo units in Naples the buyer will rent.

The 78-unit purchase at Oasis at Naples, a garden-style condo community, equaled about $109,615 per unit.

The 78 units sold are among 188 built in 1992 at Oasis at Naples, located at 2110 Arbour Walk Circle in Naples.

The 78 units sold range in size from 648 square feet to 1,022 square feet. They have fully equipped kitchens featuring stainless steel appliances, dishwashers, Formica counter tops, garbage disposals and raised-panel cabinet doors.

Two vice presidents in the Tampa office of Marcus & Millichap, Nicholas Meoli and Michael Donaldson, represented both the seller and the buyer.