Insula Cos Sells Multifamily Property In Orlando For $44.1M
SOLD
Florida
See Similar DealsMultiFamily11,340 SF
Sold 03/03/2020
SOLD
Insula Cos Sells Multifamily Property In Orlando For $44.1M
7721 Silver Pointe Blvd, Orlando, FL, USA
See Similar DealsMultiFamily11,340 SF
Sold 03/03/2020
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$3,888
Total Square Footage:11,340 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,352,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$156,677.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$209,056.50
Annual Debt Service$2,508,677.99
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