A partnership between ApexOne Investment Partners and The Collier Companies has picked up a multifamily asset in Volusia County for $30.25 million. The 296 unit property, Ocean Oaks Apartments, is located south of Daytona Beach in Port Orange at 1645 Dunlawton Avenue on a 21 acre site. The 37 building community changed hands for just over $102,195 per unit. The facility offers a clubhouse, playground, lighted tennis and basketball courts, business center, fitness center and two swimming pools. Cushman & Wakefield’s Senior Directors Jay Ballard and Ken Delvillar represented the seller, GoldOller Real Estate Investments, during the disposition. “Ocean Oaks Apartments provided investors with the opportunity to acquire a value-add asset in the desirable Volusia County multifamily market,” said Ballard. “Significant investor interest was driven by exceptional fundamentals at the property, which has exhibited notable rent and revenue growth.”
