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
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
- Property Type: Multifamily
- Transaction Amount: $44,480,000
- Buyer: Max Sharkansky, Mitch Paskover, David Moghavem, Adrie Moses-Bailey & Felipe Montes de Oca - Trion Properties
- Seller: Terra Capital Partners
- Brokers: Ryan Moody & Paul Grant - Newmark
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
Market 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
0.45%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93