Miami investor buys Gordon River Apartments

BUYER: Lo Exclusivo LLC (principal: Antonio Callejas Gomez) Miami

SELLER: The RSG Family Limited Partnership-Gordon River

PROPERTY: 1400 Fifth Ave. N., Naples

PRICE: $2.3 million

PREVIOUS PRICE: $2.65 million, May 1997

LAW FIRM ON DEED: Michael A. Schroeder PL, Boca Raton

PLANS, DESCRIPTION: A company managed by Antonio Callejas Gomez of Miami purchased the 96-unit Gordon River Apartments for $2.3 million.

The price equated to $23,958 per unit.

The 41-year-old property had an occupancy rate of more than 85% at the time of sale.

Jim Garinger and Andrew Falde of Collier International Fort Myers and John Stone and Jason Stanton of Colliers International Clearwater represented the seller. Leno Orano of GRG Realtors in Miami represented the buyer.

The property had some deferred maintenance and was a short sale, according to Garinger.

“It was in a great location,” he says. “It didn't have many amenities but both it and the adjacent property [River Park Apartments] have really nice views of the city and Naples' parks.”