Updated Oct 29, 2024
Lloyd Jones Acquires Multifamily Property In Orlando For $65.3M
3701 Grandewood Boulevard, Orlando, FL, USA
$65,300,000
$73,618/SF
Building Size
887 SF
Asset Type
MultiFamily
Closing
Feb 7, 2021
About this deal
AI
Chris Finlay has sold a multifamily property located at 3701 Grandewood Blvd in Orlando. The property was sold for $65,300,000 to Lloyd Jones, who represented himself along with Chris Finlay. The sellers were Bluerock Residential Growth REIT Inc. and Carroll. The property consists of 306 units, with an average price per unit of $213,399.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $65,300,000
- Address: 3701 Grandewood Blvd, Orlando
- Market: Orlando
- Buyer: Lloyd Jones - Chris Finlay
- Seller: Bluerock Residential Growth REIT Inc. & Carroll
- Units: 306
- Price per Unit: $213,399
The deal was facilitated by Chris Finlay, who represented the buyer, Lloyd Jones, as well as himself. This transaction marks an important milestone in the real estate market in Orlando.
On the Map
$65,300,000
$73,618/SF
MultiFamily
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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
0.24%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93