SOLD
Avila Apartments Owner LLC Acquires Avila Apartments In Oviedo For $84.3M
2880 Avila Cross Circle
MultiFamily
Sold 184 days ago
Summary
Sale
FLORIDA
MultiFamily
The Avila Apartments in Seminole County have been sold for $84.3 million to Avila Apartments Owner LLC. The multifamily property, consisting of 269 units, was completed in 2022. This transaction marks the second-largest deal in the Orlando area this year, contributing to LeCesse Development Corp.'s goal of building 5,000 multifamily housing units by 2026.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $84,300,000
- Units: 269
- Price Per Unit (PPU): $313,383
- Address: 2880 Avila Cross Circle
- Market: Oviedo
New York-based Avila Apartments Owner LLC acquired the Avila Apartments from Noma Weststate Acquisitions LLC. The deal was facilitated by brokers Brad Downing, Paul Grant, and Scott Ramey from Newmark. The transaction highlights the growing demand for multifamily properties and showcases the expertise and success of LeCesse Development Corp. in their pursuit of building more housing units in the Orlando area.
Players
All
4
Agents
3
Agencies
1
Details
SOLD
IMAGE: Scott Ramey, Paul Grant, Caleb Keenan & Brad Downing
DATE: 10/25/2023
ADDRESS: 2880 Avila Cross Circle
MARKET: Oviedo
ASSET TYPE: Multifamily
BUYER: Avila Apartments Owner LLC
SELLER: Noma Weststate Acquisitions LLC - LeCesse Development Corp. - Caleb Keenan
BROKERS: Brad Downing (@BradDowning), Paul Grant & Scott Ramey - Newmark
SALE PRICE: $84,300,000
UNITS: 269 ~ PPU: $313,383
NOTE: New York-based Avila Apartments Owner LLC acquired the recently built Avila Apartments in Seminole County for $84.3 million. The 269-unit complex, completed in 2022, was sold by Noma Weststate Acquisitions LLC and represents the second-largest deal in the Orlando area this year, contributing to LeCesse Development Corp.'s goal of building 5,000 multifamily housing units by 2026.View on map
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Address2880 Avila Cross Circle
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