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Insula Cos Sells Multifamily Property In Orlando For $44.1M

Property Image
SOLD
$44,100,000
Scott Ramey
Patrick Dufour
+ 1

Florida

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MultiFamily11,340 SF
Sold 03/03/2020
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Property Image
SOLD

Insula Cos Sells Multifamily Property In Orlando For $44.1M

7721 Silver Pointe Blvd, Orlando, FL, USA

See Similar Deals
MultiFamily11,340 SF
Sold 03/03/2020
Scott Ramey
Patrick Dufour
+ 1
Contact now

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.

Players

Patrick Dufour
15 deals$1B volume
BROKER

Scott Ramey
Newmark
15 deals$1.3B volume
BROKER

Mitch Clarfield
Newmark
8 deals$1.1B volume
BROKER

Ryan Greer
CBRE
9 deals$664.5M volume(714) 322-0633
BROKER

Details

SOLD
IMAGE: Scott Ramey, Patrick Dufour, Mitch Clarfield & Ryan Greer DATE: 03/03/2020 ADDRESS: 7721 Silver Pointe Blvd MARKET: Orlando ASSET TYPE: Multifamily SELLER: Insula Cos BROKERS: Scott Ramey, Patrick Dufour, Mitch Clarfield & Ryan Greer - Newmark Knight Frank PRICE: $44,100,000 UNITS: 272 PPU: $162,132

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Deal Type
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