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
Winter Park MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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