TAMPA, FL - JBM Institutional Multifamily Advisors has facilitated the sale of Coralina, totaling 186 units for a purchase price of $35,000,000, or $188,172 per unit. Jamie May, Chairman & CEO of JBM Institutional Multifamily Advisors, stated the excellent construction quality and pent up demand for multifamily were key components to the execution of the deal.
This luxurious garden-style community offers tenants a relaxed beach-resort lifestyle, with unique features typically seen in custom homes. Interior features include some of the most up-to-date efficiency and design trends in the industry including granite counter and vanity tops, high-end 42” espresso cabinetry, under-mount sink with brushed nickel goose neck faucet, black Whirlpool brand appliances, faux wood plank flooring throughout living rooms and kitchens, nine foot ceilings, tinted impact resistant windows, large sliding glass doors which open to large patios and balconies, full size washer and dryer in every unit, dual sinks in master bathrooms with soaking tub and stand-up shower (in most units), designer recessed and pendant lighting and brushed nickel accoutrements.
The complete amenity package includes a well-appointed resident clubhouse with interior community room, resort-style heated swimming pool, expansive brick-paver sun deck with poolside summer kitchen and outdoor fire pit, exterior resident lounge, covered poolside veranda with pool table and sofas, 24-hour state-of-the-art fitness center and yoga room.
The property was purchased by Bella Luna Investments, Inc. The JBM Institutional Multifamily Advisors team has listed and sold over 78,110 units within Southwest Florida, and over 157,000 units throughout Florida.