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7721 Silver Pointe Blvd, Or...

Insula Cos Sells Multifamily Property In Orlando For $44.1M
SOLDMultiFamily

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

Patrick Dufour

Newmark

Broker

$1B

vol

15 deals

Broker

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