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13000 Breaking Dawn Drive, ...

Cores Management Acquires Multifamily Property In Orlando For $63.5M
SOLDMultiFamily

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

Justin Basquill

Marcus & Millichap

Broker

$834.9M

vol

18 deals

Broker
CM
Cores ManagementBuyer

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