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Sale · MultiFamily

Updated Oct 19, 2026

Trion Properties Acquires Multifamily Property In Orlando For $44.5M
SOLDMultiFamily

Trion Properties Acquires Multifamily Property In Orlando For $44.5M

$35,000,000

$104/SF

Building Size

334,352 SF

Asset Type

MultiFamily

Closing

Jan 25, 2024

About this deal

AI

The property involved in this closed transaction is a multifamily asset located at 2409 South Conway Road in the Orlando market. The property consists of 344 units with a price per unit of $129,302. The total square footage of the property is 334,352, with a price per square foot of $133. The transaction was completed on 01/25/2024.

Summary of transaction details

The buyer in this transaction, representing Trion Properties, includes Max Sharkansky, Mitch Paskover, David Moghavem, Adrie Moses-Bailey, and Felipe Montes de Oca. They were assisted by brokers Ryan Moody and Paul Grant from Newmark. The seller of the property is Terra Capital Partners.

Players

Mitch Paskover
Verified Badge

Mitch Paskover

Continental Partners

Broker

$775.2M

vol

13 deals

Broker
Mitch Paskover

Mitch Paskover

Trion Properties

Buyer

$775.2M

vol

13 deals

Buyer
Terra Capital Partners
Terra Capital PartnersSeller
Terra Capital Partners
Terra Capital PartnersLender
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Market MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $104 per square foot on a published $35M for 334,352 square feet (2024).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.45%

Cash-on-Cash

-0.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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