Updated May 12, 2025
Retreat At Sunset LLC Purchases Multifamily Complex From Arthur Falcone For $88.5M In Kissimmee
8050 Fins Up Circle
$88,500,000
Units
352
Asset Type
MultiFamily
Closing
Apr 29, 2025
About this deal
AI
The multifamily asset, Retreat at Sunset Walk, located at 8050 Fins Up Circle in Kissimmee, spans 18 acres. It comprises 352 units and was sold for $88.5 million, equating to approximately $251,420 per unit. The complex, built three years ago, offers rents starting at $1,646 and includes amenities such as a pool, coworking spaces, and a pet spa.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $88,500,000
- Units: 352
- Price Per Unit: $251,420
- Buyer: Retreat at Sunset LLC
- Seller: Arthur Falcone - Falcone Group
- Market: Kissimmee
- Acres: 18
In this transaction, Retreat at Sunset LLC acquired the property from Arthur Falcone, representing Falcone Group, marking an important development in the local multifamily housing market.
On the Map
$88,500,000
MultiFamily
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Players
Kissimmee 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