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

Property Image
SOLD
$49,100,000
Ryan Moody
Mitch Paskover
+ 3

Florida

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MultiFamily231,060 SF
Sold 03/31/2022
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Property Image
SOLD

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

693 Wymore Road, Altamonte Springs, Florida 32714, United States

See Similar Deals
MultiFamily231,060 SF
Sold 03/31/2022
Ryan Moody
Mitch Paskover
+ 3
Contact now

Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$212
Total Square Footage:231,060 SF
Transaction Type:Sale

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
7 deals$416.9M volume
BROKER

Adrie Moses-Bailey
Trion Properties
7 deals$379M volume
BROKER

Mitch Paskover
Trion Properties
13 deals$775.2M volume
BUYER

Max Sharkansky
Trion Properties
13 deals$795.8M volume
BUYER

Adrie Bailey
Trion Properties
7 deals$338M volume
BUYER

Marley Dominguez
Trion Properties
5 deals$325M volume
BUYER

SELLER

Details

SOLD
IMAGE: Marley Dominguez, Max Sharkansky, Mitch Paskover & Adrie Bailey DATE: 04/01/2022 ADDRESS: 693 Wymore Rd MARKET: Altamonte Springs, Orlando ASSET TYPE: Multifamily BUYER: Trion Properties - Max Sharkansky (@Maxshark), Mitch Paskover (@Mitch8181), Marley Dominguez (@MarleyDominguez), Adrie Bailey (@Adrie.Bailey) SELLER: Robbins Real Estate BROKER: Ryan Moody - Newmark SALE PRICE: $49,100,000 UNITS: 250 ~ PPU: $196,400 SF: 231,060 ~ PPSF: $212

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$2,618,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$174,441.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$232,759.05
Annual Debt Service$2,793,108.60