GW Williams Co. Acquires Multifamily Property In Orlando For $155M With Banner Real Estate Group
335 Rosalind Avenue, Orlando, Florida 32801, United States
$155,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Oct 27, 2022
AI
The multifamily property located at 335 N. Rosalind Avenue in Orlando has been sold for $155,000,000. The sale was completed on 10/28/2022. The property consists of 389 units, with a per unit price of $398,458. The buyer of the property is GW Williams Co., while the seller of the property is Banner Real Estate Group. The transaction was facilitated by Scott Ramey, Brad Downing, Paul Grant, and Patrick Dufour from Newmark.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $155,000,000
- Units: 389
- Price Per Unit: $398,458
- Date: 10/28/2022
- Market: Orlando
- Buyer: GW Williams Co.
- Seller: Banner Real Estate Group
The deal's key individuals involved in the transaction were Scott Ramey, Brad Downing, Paul Grant, and Patrick Dufour from Newmark. They represented the buyer and seller in this transaction.
Players
Orlando 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
0.10%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93