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693 Wymore Road, Altamonte ...

Trion Properties Acquires Multifamily Property In Altamonte Springs, Orlando For $49.1M
SOLDMultiFamily

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

Ryan Moody

Newmark

Broker

$416.9M

vol

7 deals

Broker
Mitch Paskover

Mitch Paskover

Trion Properties

Buyer

$775.2M

vol

13 deals

Buyer
RE
Robbins Real EstateSeller

Altamonte Springs 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

0.32%

Cash-on-Cash

-0.09%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93