Updated Oct 29, 2024
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
About this deal
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.
On the Map
$44,100,000
$3,888/SF
MultiFamily
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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