Cores Management Acquires Multifamily Property In Orlando For $63.5M
13000 Breaking Dawn Drive, Orlando, FL 32824, USA
$63,500,000
$124/SF
Building Size
510,959 SF
Asset Type
MultiFamily
Closing
Nov 24, 2021
AI
The multifamily property located at 13000 Breaking Dawn Dr in Orlando has been sold in a recent transaction. The property spans across 12 acres and consists of 234 units. The sale price for this transaction was $63,500,000, resulting in a price per unit of $271,368.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $63,500,000
- Address: 13000 Breaking Dawn Dr
- Market: Orlando
- Acres: 12
The buyer of the property was Cores Management, while the seller was Harbor Group International. The transaction was facilitated by brokers Shelton Granade, Sean Williams, Luke Wickham, and Justin Basquill, representing Institutional Property Advisors (IPA) of Marcus & Millichap.
Players
Orlando MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.25%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93