American Realty Advisors Acquires Multifamily Property In Orlando For $101.3M
12570 Splendid Place
$101,300,000
Building Size
—
Asset Type
MultiFamily
Closing
Jun 28, 2022
AI
The multifamily property located at 12570 Splendid Place in Orlando has been sold for a total of $101,300,000. The transaction took place on June 28, 2022, and involved 266 units. The price per unit was approximately $380,827.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $101,300,000
- Address: 12570 Splendid Place
- Market: Orlando
American Realty Advisors purchased the property from ContraWest. The deal was facilitated by brokers Chris Chadbourne and Brian Moulder from Walker & Dunlop.
Players
Orlando MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.16%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93