Viewpoint Equities Acquires Multifamily In Orlando For $72.5M
8072 Poinciana Boulevard, Orlando, Florida 32821, United States
$72,500,000
Building Size
—
Asset Type
MultiFamily
Closing
Jun 7, 2022
AI
8072 Poinciana Boulevard in Orlando has been sold in a closed property transaction. The property is a multifamily asset consisting of 296 units situated on 10.72 acres. The transaction took place on 06/08/2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $72,500,000
- Address: 8072 Poinciana Boulevard
- Market: Orlando
- Units: 296
- Acres: 10.72
The property was acquired by Viewpoint Equities. The brokers involved in the transaction, representing Viewpoint Equities, were Bill Chiles, Scott Peterson, Brian Cruz, Morgon Fraser, and Colby Matzke from CBRE. The loan obtained for the acquisition amounted to $72,500,000. It was a seven-year, fixed-rate loan.
Players
Orlando MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.22%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93