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1801 S Kirkman Rd, Orlando,...

Updated Dec 12, 2024

American Landmark Acquires Multifamily Property In Orlando For $49.75M
SOLDMultiFamily

American Landmark Acquires Multifamily Property In Orlando For $49.75M

1801 S Kirkman Rd, Orlando, FL, USA

$49,750,000

$49,014/SF

Building Size

1,015 SF

Asset Type

MultiFamily

Closing

Apr 14, 2021

About this deal

AI

A multifamily property located at 1801 S Kirkman Rd in Orlando has been sold in a transaction worth $49,750,000. The property consists of 300 units, resulting in a per-unit price of $165,833. The sale took place on April 15, 2021, with American Landmark acquiring the property from White Eagle Property Group, represented by Jeff Weiskopf.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $49,750,000
  • Address: 1801 S Kirkman Rd
  • Market: Orlando
  • Buyer: American Landmark
  • Seller: White Eagle Property Group - Jeff Weiskopf
  • Brokers: Shelton Granade, Luke Wickham & Justin Basquill - Institutional Property Advisors (IPA)
  • Units: 300
  • Price Per Unit: $165,833

The deal was facilitated by the brokers Shelton Granade, Luke Wickham, and Justin Basquill from Institutional Property Advisors (IPA). Their involvement helped in successfully closing the transaction for both the buyer and the seller.

On the Map

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$49,750,000

$49,014/SF

MultiFamily

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Players

Justin Basquill

Marcus & Millichap

Broker

$834.9M

vol

18 deals

Broker
Institutional Property Advisors
Institutional Property AdvisorsBrokerage
American Landmark Apartments
American Landmark ApartmentsBuyer
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Orlando MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $49K per square foot on a published $49.8M for 1,015 square feet (2021).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.32%

Cash-on-Cash

-0.09%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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