Ocean Equities LLC Acquires 42-Unit Multifamily In Orlando For $5.19M
5305 San Antonio Avenue, Orlando, Florida 32839, United States
$5,190,000
$2,549/SF
Building Size
2,036 SF
Asset Type
MultiFamily
Closing
Jun 21, 1922
AI
Ocean Equities LLC has acquired a multifamily property located at 5305 San Antonio Avenue in Orlando. The property spans across 3.66 acres and consists of 42 units. The transaction took place on June 22, 2022, with a sale price of $5,190,000 ($123,571 per unit). The seller of the property was Westgate Resorts, represented by David Siegel & Mark Waltrip.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,190,000
- Address: 5305 San Antonio Avenue
- Market: Orlando
- Acres: 3.66
David Siegel & Mark Waltrip, representing Westgate Resorts, played a crucial role in this deal as the sellers. Ocean Equities LLC successfully acquired the property, adding it to their portfolio in Orlando.
Players
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
3.06%
Cash-on-Cash
-0.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93