Snell Properties Acquires Mixed-Use Property In Orlando For $106M
101 Lake Avenue
$106,000,000
Building Size
—
Asset Type
Mixed-use
Closing
Jun 14, 2022
AI
101 Lake Ave, located in Orlando, was recently sold in a closed transaction. The mixed-use property was purchased by Snell Properties, represented by Chris Hanessian. The deal was facilitated by brokers Brian Moulder and Chris Chadbourne from Walker & Dunlop. The sale price for the property was $106,000,000. The property consists of 233 units, with a price per unit of $454,936.
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: $106,000,000
- Address: 101 Lake Ave, Orlando
- Market: Orlando
- Buyer: Snell Properties - Chris Hanessian
- Brokers: Brian Moulder & Chris Chadbourne - Walker & Dunlop
- Units: 233
- Price per Unit: $454,936
This transaction highlights the involvement of Chris Hanessian from Snell Properties as the buyer and Brian Moulder and Chris Chadbourne from Walker & Dunlop as the brokers who facilitated the deal. The acquisition price of $106,000,000 reflects the value of the mixed-use property, consisting of 233 units. This successful transaction signifies the partnership between the buyer, seller, and their respective representatives in the real estate market of Orlando.
Players
Orlando Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.15%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93