Updated Oct 28, 2024
Knightvest Capital Acquires Multifamily Property In Orlando For $105.3M
733 Main Lane, Orlando, Florida 32801, United States
$105,300,000
Units
375
Asset Type
MultiFamily
Closing
Jun 6, 2022
About this deal
AI
Knightvest Capital, represented by Jason Dallas, has acquired a multifamily property located at 733 Main Lane in Orlando. The property, sold by Crescent Communities, was brokered by Scott Ramey from Newmark. The transaction took place on June 7, 2022.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $105,300,000
- Units: 375
- Price Per Unit: $280,800
The acquisition by Knightvest Capital, led by Jason Dallas, signifies their strategic expansion in the Orlando market. This purchase adds 375 multifamily units to their portfolio and further solidifies their presence in the real estate market. Scott Ramey from Newmark played a crucial role in facilitating the transaction between Knightvest Capital and Crescent Communities.
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
0.15%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93