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1701 Lee Rd, Winter Park, F...

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

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

1701 Lee Rd, Winter Park, FL, 32789

$62,300,000

Building Size

Asset Type

MultiFamily

Closing

Nov 19, 2023

AI

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

Berkadia

Broker

$888.2M

vol

17 deals

Broker
Westmount Realty Capital
Westmount Realty CapitalBrokerage

Winter Park 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