The Napier is a 260-unit premier multifamily community in Daytona Beach, Florida. The property’s location in Volusia County in the heart of Daytona Beach places residents less than ten minutes from the Daytona International Speedway, Halifax Medical Center, Embry-Riddle Aeronautical University, the Icon One retail center, and adjacent to AdventHealth Daytona Beach. New retail and dining enterprises are under construction on the 50+ acres of contiguous tracts north of the property. Additional significant employers nearby include two Amazon fulfillment centers, Trader Joe’s warehouse, and Braun.
The Napier, completed in 2021, consists of thirteen three-story garden-style buildings and one luxury clubhouse, including a fitness center, yoga spa, dog park with wash area, conference rooms, club seating and social areas, game room with wet bar, TV lounge, resort-style swimming pool, private cabanas, and two large gas grilling stations. Various unit types ranging from 800 square foot one-bedroom floorplans to 1527 square foot three-bedroom floor plans offer luxury lakeside living to residents. Interior unit features include, Both attached and detached garages are available for lease. Interior unit features include 9’ ceilings, balconies and terraces, walk-in closets, designer flooring, two-tone cabinets, upgraded kitchen hardware, En-Suite bathrooms, enclosed showers, full-size tubs, washer-dryers, conditioned storage units, keyless entry, and some attached garages.
Gables Residental Management assumed management services at closing. ApexOne Multifamily Special Situations Fund IV, LP purchased the property and will hold long-term to capture cash flow and appreciation.