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East Hill Capital Acquires Orlando Property From Priderock Capital Partners For $151 Million

Property Image
SOLD
$151,000,000
Daniel (Dan) Morin
Dustin Stolly
+ 1

Florida

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MultiFamily
Sold 05/22/2022
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Property Image
SOLD

East Hill Capital Acquires Orlando Property From Priderock Capital Partners For $151 Million

8150 Chatham Manor BLVD, Orlando...

See Similar Deals
MultiFamily
Sold 05/22/2022
Daniel (Dan) Morin
Dustin Stolly
+ 1
Contact now

Summary

FLORIDA
Asset Type:MultiFamily
Transaction Type:Sale

The property asset involved in this transaction is located at 8150 Chatham Manor Blvd, Orlando. The sale was finalized for a transaction amount of $151,000,000.00. The property covers zero square footage in the Orlando market.

Summary of transaction details:

  • Property Type: Sale
  • Transaction Amount: $151,000,000.00
  • Address: 8150 Chatham Manor BLVD, Orlando
  • Market: Orlando
  • Buyer: East Hill Capital
  • Seller: Priderock Capital Partners
  • Buyer's Representative: Daniel "Danny" Matz-Newmark
  • Seller's Representatives: Jordan "Jordy" Roeschlaub-Newmark, Daniel "Dan" Morin-Newmark, Dustin Stolly-Newmark

This transaction involves key representatives from Newmark, indicating a collaborative effort in the real estate market. The representatives play crucial roles in facilitating the deal between East Hill Capital and Priderock Capital Partners, showcasing their expertise in managing large-scale transactions.

Players

Dustin Stolly
266 deals$49.3B volume
BROKER

Daniel (Dan) Morin
Newmark
11 deals$1.2B volume
BROKER

Danny Matz
Newmark
28 deals$3.3B volume
BROKER

Jordan (Jordy) Roeschlaub
Newmark
322 deals$96.3B volume
BROKER

SELLER

Details

SOLD
IMAGE: 8150 Chatham Manor BLVD, Orlando... MARKET: Orlando BUYER'S REP: Daniel "Danny" Matz-Newmark SELLER'S REP: Jordan "Jordy" Roeschlaub-Newmark Daniel "Dan" Morin-Newmark, Dustin Stolly-Newmark BUYER: East Hill Capital SELLER: Priderock Capital Partners PRICE: $151,000,000.00 SF: 0

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$8,053,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$536,471.12
Cash-on-Cash Return-1.27%
Monthly Debt Service$715,817.04
Annual Debt Service$8,589,804.44