24
April
2025
CISION
PR Newswire
NAPLES, Fla., April 24, 2025 /PRNewswire/ — JBM® Institutional Multifamily Advisors has exclusively listed Estero Oaks – a Class A, garden-style, multifamily community in the desirable South Fort Myers / Estero sub-market. This concrete block construction asset was built in 2017 and has with 280 units – offering a low-density site plan with 13.53 units per acre.
A Call For Offers Date is set for Thursday May 1st.
Product
Estero Oaks features a luxury amenity set, including a four-acre lake with jogging trail, resort-style pool, hot tub, 24-hour state-of-the-art fitness center, dog park, and package room. The grandiose clubhouse is comprised of a massive resident lounge, coffee station, and private office spaces. Attached garages, storage units, and reserved parking spaces are available for rent.
Units
The unit mix is comprised of one, two, and three-bedroom units averaging 1,124 square feet – the largest average unit size among its competitive rent comp peers. Unit interiors feature chef-inspired kitchens with granite countertops, stainless steel appliances, under cabinet lighting, contemporary pendant lighting, and LVT flooring in all living areas and select bedrooms. There is ample opportunity to implement a light value-add program, as well as instituting a bulk internet program to generate additional revenue.
Location
Eight outparcels surround the Property, including The Lock Up Self Storage, 7-Eleven, and Southwest Florida Proton cancer treatment facility. Construction on additional retail units is set to begin later this year.
Fort Myers ranks #1 for fastest growing places in the U.S.A. (U.S. News & World Report, 2024-2025). The Property has exceptional connectivity to Interstate-75 with proximate access to Alico Road, Ben Hill Griffin Parkway, and U.S. Highway 41. The Miromar Outlets are just over a mile away and Gulf Coast Town Center is just over two miles away. Florida Gulf Coast University is one mile from Estero Oaks (1,500 employees and 16K+ student enrollment). The affluent Estero submarket boasts an incredible $134K+ average household income within five miles of Estero Oaks.
About JBM®
JBM® holds a 70%+ market share across Southwest Florida and is the #1 ranked boutique brokerage firm in the U.S.A. Green Street’s 2024 national multifamily broker rankings rank JBM® as the #1 highest average sold price per transaction throughout the entire U.S.A. (four years in a row) and JBM® has a lifetime transactions volume of $20+ billion and 172,000+ units.
About JBM®
Jamie May and his team at JBM® Institutional Multifamily Advisors focus exclusively on multifamily asset disposition services, equity placement, capitalization, and recapitalization of new merchant developments, value-add properties, and existing opportunities of large apartment type portfolios and singular assets for domestic and foreign institutional, private national, and regional clientele.