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Middleburg Communities Acquires Multifamily Property In Orlando For $87.25M

Property Image
SOLD
$87,250,000
Bennett Hopkins
Matt Mitchell
Tyler Swidler
+ 1

Florida

See Similar Deals
MultiFamily
Sold 09/15/2022
the dealplayerscompscontact
Property Image
SOLD

Middleburg Communities Acquires Multifamily Property In Orlando For $87.25M

800 Lombard Street, Orlando, Florida 32807, United States

See Similar Deals
MultiFamily
Sold 09/15/2022
Bennett Hopkins
Matt Mitchell
Tyler Swidler
+ 1
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:MultiFamily
Transaction Type:Sale

A multifamily property located at 800 Lombard St in Orlando has been sold in a transaction. The property consists of 270 units and was sold for a price of $87,250,000, resulting in a price per unit of $323,148.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $87,250,000

The buyer of the property was Middleburg Communities, while the seller was Catalyst Development Partners. The sale was facilitated by brokers Brett Moss, Tyler Swidler, Matt Mitchell, and Bennett Hopkins from Berkadia.

Players

Brett Moss
Berkadia
Brett Moss
11 deals$912.8M volume
BROKER
Tyler Swidler
Berkadia
Tyler Swidler
10 deals$812.2M volume
BROKER
Matt Mitchell
Berkadia
Matt Mitchell
5 deals$515.5M volume
BROKER
Bennett Hopkins
Berkadia
Bennett Hopkins
1 deal$87.3M volume
BROKER
MC
Middleburg Communities
BUYER
CP
Catalyst Development Partners
SELLER

Details

SOLD
IMAGE: Matt Mitchell, Tyler Swidler, Brett Moss & Bennett Hopkins DATE: 09/15/2022 ADDRESS: 800 Lombard St MARKET: Orlando ASSET TYPE: Multifamily BUYER: Middleburg Communities (@MiddleburgCommunities) SELLER: Catalyst Development Partners BROKERS: Brett Moss, Tyler Swidler (@TSwid10), Matt Mitchell & Bennett Hopkins - Berkadia (@Berkadia) SALE PRICE: $87,250,000 UNITS: 270 ~ PPU: $323,148

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Operating Expenses (Annual)
Net Operating Income (NOI)

$4,653,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$309,980.83
Cash-on-Cash Return-1.27%
Monthly Debt Service$413,609.51
Annual Debt Service$4,963,314.15