Updated Oct 28, 2024
Blue Roc Premier Properties Acquires Multifamily Property At 649 Cannon Ridge Drive In Orlando For $24.2M
649 Cannon Ridge Drive, Orlando, FL 32818, USA
$24,200,000
$3,698/SF
Building Size
6,544 SF
Asset Type
MultiFamily
Closing
Sep 14, 2021
About this deal
AI
Blue Roc Premier Properties has secured a $24,200,000 loan from Capital One for the acquisition of a multifamily property located at 649 Cannon Ridge Drive in Orlando. The property consists of 194 units and the loan has a term of 10 years.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $24,200,000
- Units: 194
- Lender: Capital One
- Landlord: Blue Roc Premier Properties
Randy Ferreira shared an image of the property on September 14, 2021, on Instagram. The property is situated in the Orlando market and offers a valuable investment opportunity.
Players
Orlando MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.66%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93