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335 Rosalind Avenue, Orland...

GW Williams Co. Acquires Multifamily Property In Orlando For $155M With Banner Real Estate Group
SOLDMultiFamily

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

Patrick Dufour

Newmark

Broker

$1B

vol

15 deals

Broker
BG
Banner Real Estate GroupSeller

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