Newly Completed FL Community Up for Sale

Stock Development's 324-unit community, called Spectra Apartments, is located in Fort Myers. Cushman & Wakefield’s Florida Multifamily team has been named the marketing agent.

Spectra Apartments

Spectra Apartments in Fort Myers, Fla.

Cushman & Wakefield’s Florida Multifamily team is the exclusive marketing agent for Spectra Apartments, a newly constructed, Class A multifamily community in Fort Myers, Fla. The property encompasses 324 apartments and was completed earlier this year, in July 2017.

Developed by Stock Development, the community is located at 5500 Spectra Circle and features 12, three-story buildings. Spectra Apartments offers renters a wide array of community amenities, including a resort-style pool with cabanas, a full-service fitness center and yoga studio, an outdoor sundeck with lounge and grill station, a tennis court, a dog park and a six-acre recreation park with nature trails. The average unit spans approximately 993 square feet and features ceiling heights of 9 feet and 4 inches, as well as wood-style flooring, island kitchens, granite countertops, walk-in closets, full-size washer and dryer, patio/balconies with storage closet and detached garages.

Quality-driven ownership

The team of Vice Chairman Robert Given, Executive Managing Director Zachary Sackley, Financial Associate Neal Victor and Senior Directors Luis Elorza and Brad Capas are leading the property marketing efforts on behalf of the owner.

“Stock Development has a proven track record of developing high-end single-family homes and Spectra marks their first multifamily asset. Their focus on delivering top quality product is evident throughout the property, from the market-leading amenities to the attention to detail within the units,” said Sackley, in prepared remarks.

Situated on a 32.5-acre site just minutes from Interstate 75, Spectra Apartments is proximate to numerous major employers in the region, including Gartner, Hertz, Chico’s FAS and Arthrex, as well as Florida Gulf Coast University. The location provides drive-by visibility along Tamiami Trail, with an average traffic volume of approximately 59,000 vehicles per day.

Image courtesy of Cushman & Wakefield