Knightvest Residential Acquires Multifamily Property In Orlando For $92M
SOLD
$92,000,000
Florida
See Similar DealsMultiFamily
Sold 04/07/2022
SOLD
Knightvest Residential Acquires Multifamily Property In Orlando For $92M
750 North Orange Avenue, Orlando, Florida 32801, United States
See Similar DealsMultiFamily
Sold 04/07/2022
Summary
FLORIDA
Asset Type:MultiFamily
Transaction Type:Sale
The multifamily property located at 750 N Orange Ave in Orlando has been sold on 04/07/2022. The transaction involved 326 units and was sold at a price of $92,000,000, resulting in a per unit cost of $282,209.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $92,000,000
- Address: 750 N Orange Ave
- Market: Orlando
- Buyer: Knightvest Residential
- Seller: Cypress Real Estate Advisors
- Units: 326
- Price Per Unit: $282,209
Knightvest Residential, represented by their broker, successfully acquired the property from Cypress Real Estate Advisors. This transaction highlights the active real estate market in Orlando and the significant investment made by Knightvest Residential in the multifamily sector.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$4,906,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$326,856.56
Cash-on-Cash Return-1.27%
Monthly Debt Service$436,126.94
Annual Debt Service$5,233,523.23
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