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Westmount Realty Capital Purchases Winter Park Property For $62.3 Million With Berkadia Representation

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SOLD
$62,300,000

Florida

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MultiFamily
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SOLD

Westmount Realty Capital Purchases Winter Park Property For $62.3 Million With Berkadia Representation

1701 Lee Rd, Winter Park, FL, 32789

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MultiFamily
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Summary

FLORIDA
Asset Type:MultiFamily
Transaction Type:Sale

The Lexington at Winter Park, located at 1701 Lee Rd, Winter Park, FL, 32789, is a multifamily property that has been sold for $62,300,000. The property features multiple floor plans with walk-in closets and private patios. Community amenities include a resort-style swimming pool, a state-of-the-art fitness center, a new clubhouse, Amazon locker hub, and a dog park. The property is situated within the Winter Park market, known for its upscale dining, shopping, and entertainment options.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $62,300,000.00
  • Address: 1701 Lee Rd, Winter Park, FL, 32789
  • Market: Winter Park
  • Seller's Representative: Lauren Gassie-Berkadia, Mary Beale-Berkadia, Cole Whitaker-Berkadia
  • Buyer: Westmount Realty Capital

West Springfield, MA-based Aspen Square Management sold its 228-unit asset, The Lexington at Winter Park, to Texas-based Westmount Realty Capital. The transaction was represented by Cole Whitaker, Mary Beale, and Lauren Gassie from Berkadia, who managed the sale process on behalf of the seller.

Players

Cole Whitaker
17 deals$888.2M volume(407) 481-2126
BROKER

Mary Beale
Berkadia
3 deals$184M volume
BROKER

Lauren Gassie
Berkadia
1 deal$62.3M volume
BROKER

Westmount Realty Capital
BROKERAGE

Details

SOLD
IMAGE: 1701 Lee Rd, Winter Park, FL, 32789 MARKET: Winter Park SELLER'S REP: Lauren Gassie-Berkadia, Mary Beale-Berkadia, Cole Whitaker-Berkadia BUYER: Westmount Realty Capital SELLER: PRICE: $62,300,000.00 SF: 0

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Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

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5.33%

Cash Flow (Annual)-$221,338.74
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