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Matthew Wilcox Of Berkadia Brokers $97.5M Sale Of Property In Orlando

Property Image
SOLD
$97,500,000

Florida

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Property Image
SOLD

Matthew Wilcox Of Berkadia Brokers $97.5M Sale Of Property In Orlando

5915 Raleigh St, Orlando, FL, 32835

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Summary

FLORIDA
Transaction Type:Sale

The property asset involved in the transaction is West Vue, a 442-unit garden-style apartment community located at 5915 Raleigh St, Orlando, FL, 32835. It was sold for $97,500,000. Built in 2021, the community offers a range of one-, two-, and three-bedroom floorplans, with unit sizes varying from 759 square feet to 1,369 square feet. Features of the units include nine-foot ceilings, wood-plank style flooring, pendant lights, stainless steel appliances, and granite countertops among others.

Summary of transaction details:

  • Property Type: Apartment Community
  • Transaction Amount: $97,500,000
  • Address: 5915 Raleigh St, Orlando, FL, 32835
  • Market: Orlando
  • Seller's Representative: Matthew Wilcox-Berkadia
  • Buyer: Unknown
  • Occupancy Rate at Sale: 65.2%

The transaction was arranged by Berkadia, with key personnel including Matt Wilcox, Brett Moss, Tyler Swidler, and Cole Whitaker facilitating the sale. The seller was RISE: A Real Estate Co., based in Jacksonville. The property is part of the 1,800-acre master-planned MetroWest community, with nearby amenities including Walgreens, 24 Hour Fitness, and various establishments close to Valencia College’s West Campus.

Players

Matthew Wilcox
3 deals$252.2M volume
BROKER

Details

SOLD
IMAGE: 5915 Raleigh St, Orlando, FL, 32835 MARKET: Orlando SELLER'S REP: Matthew Wilcox-Berkadia BUYER: Unknown PRICE: $97,500,000.00

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$5,200,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$346,396.90
Cash-on-Cash Return-1.27%
Monthly Debt Service$462,199.74
Annual Debt Service$5,546,396.91