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Historic Apartments Sell for $2.6M

MIAMI-The Dean Building, a 34-unit apartment complex with 11,485 sf of commercial mixed-use space in Fort Myers, FL was built in the 1920s and renovated in the mid-90s. The Dean Building Group LLC bought the building from The Old Morgan Inc.

By Melissa Bogdany | Updated on April 08, 2003

MIAMI-The Dean Building Group LLC has purchased The Dean Building, a 34-unit apartment complex with 11,485 sf of commercial mixed-use space in Fort Myers, FL, for $2.6 million. The seller was The Old Morgan Inc.

The building, built in the 1920s, underwent extensive renovations that included a total gut and redo in the mid-90s. It has commercial space located on the first floor, and the upper floors consist of one-bedroom/studio apartments.

The transaction is the first sale of a renovated historic property within the downtown Fort Myers redevelopment district. The building, located at 1415 Dean St., currently is 100% occupied.

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