Updated Oct 28, 2024
Middleburg Communities Acquires Multifamily Property In Orlando For $87.25M
800 Lombard Street, Orlando, Florida 32807, United States
$87,250,000
Units
270
Asset Type
MultiFamily
Closing
Sep 14, 2022
About this deal
AI
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.
On the Map
$87,250,000
MultiFamily
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Players
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
0.18%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93