Forestwood Investments Acquires Multifamily Asset In Sanford Florida For $10.35M With Multihousing.Com As Seller

The property involved in this transaction is a multifamily asset located at 711 East 1st Street in Sanford, FL. The sale was completed at a price of $10,350,000. This asset consists of 76 units with a price per unit of $136,184. The total square footage of the property is 78,676, providing a price per square foot of $131.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $10,350,000
• Units: 76
• Price Per Unit: $136,184
• Square Footage: 78,676
• Price Per Square Foot: $131
• Buyer: Forestwood Investments/Ralph Gelley
• Seller: Multihousing.Com
• Brokers: Jonathan Brody, Josh Dachs & Michael Schattner - Base Realty Group

The deal highlights the involvement of key individuals, with Ralph Gelley representing the buyer, Forestwood Investments. The seller, Multihousing.Com, is noted as a significant entity in the transaction, while the brokerage team of Jonathan Brody, Josh Dachs, and Michael Schattner from Base Realty Group facilitated the exchange.