facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

Multifamily

/

Sale

/

3701 Grandewood Boulevard, ...

Lloyd Jones Acquires Multifamily Property In Orlando For $65.3M
SOLDMultiFamily

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

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.

Players

Lloyd Jones

Buyer

$356.1M

vol

8 deals

Buyer
PGIM
PGIM Seller

Orlando MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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