Updated Oct 28, 2024
Elandis Acquires Multifamily Portfolio In Orlando, Daytona Beach, And New Smyrna Beach For $126.5M
4255 Barwood Drive, Orlando, Florida 32839, United States
$126,500,000
Units
1,242
Asset Type
MultiFamily
Closing
Jan 3, 2022
About this deal
AI
A multifamily asset located at 4255 Barwood Drive, 3997 Rosewood Way, 1225 S. Beach St., 2050 S. Ridgewood Ave, 1049 Brentwood Dr, and 200 Robert Street in Orlando, Daytona Beach, and New Smyrna Beach was recently sold in a closed transaction. The property consists of 1,242 units, with a sale price of $126,500,000, resulting in a per unit price of $101,852.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $126,500,000
- Units: 1,242
- Price Per Unit: $101,852
Elandis, represented by Frank Espinosa, acquired the property from Tzadik Properties, LLC. The deal was finalized on 01/03/2022.
On the Map
$126,500,000
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
0.13%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93