Updated Oct 28, 2024
Phoenix Realty Group & Prospect Capital Acquires Multifamily Property In Orlando For $97.5M
5915 Raleigh Street, Orlando, Florida 32835, United States
$97,500,000
Units
442
Asset Type
MultiFamily
Closing
Jan 12, 2022
About this deal
AI
A multifamily property located at 5915 Raleigh Street in Orlando has been sold for $97,500,000. The property consists of 442 units, with a price per unit of $220,588. The sale took place on January 12, 2022.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $97,500,000
- Address: 5915 Raleigh Street
- Market: Orlando
The buyer of the property is Phoenix Realty Group and Prospect Capital. The seller is RISE. The transaction was facilitated by the brokers Matt Wilcox, Brett Moss, Tyler Swidler, and Cole Whitaker from Berkadia.
On the Map
$97,500,000
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
0.16%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93