Updated Dec 2, 2024
RK Properties Acquires 296-Unit Multifamily Asset In Orlando For $66M
13645 E Colonial Dr, Orlando, FL 32826, USA
$66,000,000
$242/SF
Building Size
272,126 SF
Asset Type
MultiFamily
Closing
Oct 14, 2020
About this deal
AI
The multifamily property located at 13645 East Colonial Drive in Orlando has been sold for a total price of $66,000,000. The transaction took place on 10/15/2020. The property consists of 296 units, with a price per unit (PPU) of $222,973.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $66,000,000
- Units: 296
- Price per Unit (PPU): $222,973
- Market: Orlando
The buyer in this transaction is RK Properties, while Catalyst Multifamily Management and The Carlyle Group are the sellers. The deal was facilitated by the brokers Scott Ramey, Erik Bjornson, and Patrick Dufour from NKF.
On the Map
$66,000,000
$242/SF
MultiFamily
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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
0.24%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93