Insula Cos Sells Multifamily Property In Orlando For $44.1M
7721 Silver Pointe Blvd, Orlando, FL, USA
$44,100,000
$3,888/SF
Building Size
11,340 SF
Asset Type
MultiFamily
Closing
Mar 2, 2020
AI
The multifamily property located at 7721 Silver Pointe Blvd in Orlando has been sold for a total price of $44,100,000. The property consists of 272 units, which brings the per unit price to $162,132.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $44,100,000
- Address: 7721 Silver Pointe Blvd
- Market: Orlando
- Units: 272
- Price per Unit: $162,132
The seller of the property was Insula Cos. The sale was facilitated by Scott Ramey, Patrick Dufour, Mitch Clarfield, and Ryan Greer of Newmark Knight Frank.
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
0.36%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93