Trion Properties Acquires Multifamily Property In Altamonte Springs, Orlando For $49.1M
693 Wymore Road, Altamonte Springs, Florida 32714, United States
$49,100,000
$212/SF
Building Size
231,060 SF
Asset Type
MultiFamily
Closing
Mar 31, 2022
AI
The multifamily property located at 693 Wymore Rd in Altamonte Springs, Orlando has been sold for a total price of $49,100,000. The property consists of 250 units with an average price per unit (PPU) of $196,400. The total square footage of the property is 231,060, with a price per square foot (PPSF) of $212.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $49,100,000
- Address: 693 Wymore Rd, Altamonte Springs, Orlando
- Market: Altamonte Springs, Orlando
- Buyer: Trion Properties - Max Sharkansky, Mitch Paskover, Marley Dominguez, Adrie Bailey
- Seller: Robbins Real Estate
- Broker: Ryan Moody - Newmark
- Units: 250
- Average Price per Unit (PPU): $196,400
- Square Footage: 231,060
- Price per Square Foot (PPSF): $212
The buyer in this transaction is Trion Properties, represented by Max Sharkansky, Mitch Paskover, Marley Dominguez, and Adrie Bailey. The seller is Robbins Real Estate. The broker who facilitated the deal is Ryan Moody from Newmark.
Players
Altamonte Springs 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
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93