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

Property Image
SOLD
$155,000,000
Brad Downing
Scott Ramey
+ 1

Florida

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MultiFamily
Sold 10/28/2022
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Property Image
SOLD

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

335 Rosalind Avenue, Orlando, Florida 32801, United States

See Similar Deals
MultiFamily
Sold 10/28/2022
Brad Downing
Scott Ramey
+ 1
Contact now

Summary

FLORIDA
Asset Type:MultiFamily
Transaction Type:Sale

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
15 deals$1B volume
BROKER

Scott Ramey
Newmark
15 deals$1.3B volume
BROKER

Paul Grant
Newmark
8 deals$754.3M volume
BROKER

Brad Downing
Newmark
6 deals$670.2M volume
BROKER

SELLER

Details

SOLD
IMAGE: Paul Grant, Scott Ramey & Patrick Dufour DATE: 10/28/2022 ADDRESS: 335 N. Rosalind Avenue MARKET: Orlando ASSET TYPE: Multifamily BUYER: GW Williams Co. SELLER: Banner Real Estate Group BROKERS: Scott Ramey, Brad Downing, Paul Grant & Patrick Dufour - Newmark (@Newmark) SALE PRICE: $155,000,000 UNITS: 389 ~ PPU: $398,458

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$550,682.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$734,779.08
Annual Debt Service$8,817,348.93