Ocean Equities LLC Acquires 42-Unit Multifamily In Orlando For $5.19M
SOLD
$5,190,000
Florida
See Similar DealsMultiFamily2,036 SF
Sold 06/21/22
SOLD
Ocean Equities LLC Acquires 42-Unit Multifamily In Orlando For $5.19M
5305 San Antonio Avenue, Orlando, Florida 32839, United States
See Similar DealsMultiFamily2,036 SF
Sold 06/21/22
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$2,549
Total Square Footage:2,036 SF
Transaction Type:Sale
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
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$276,799.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,438.98
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,603.25
Annual Debt Service$295,238.97
Is there something missing? Send suggestions