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101 Lake Avenue

Snell Properties Acquires Mixed-Use Property In Orlando For $106M
SOLDMixed-use

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

Brian Moulder

Walker & Dunlop

Broker

$1.3B

vol

17 deals

Broker

Chris Hanessian

Snell Properties

Buyer

$322M

vol

3 deals

Buyer

Orlando Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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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