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8150 Chatham Manor Boulevar...

Multifamily Property In Orlando Sold For $151M With Buyers East Hill Capital Partners, The Bascom Group, And Leste Group And Seller Priderock Capital Management
SOLDMultiFamily

Multifamily Property In Orlando Sold For $151M With Buyers East Hill Capital Partners, The Bascom Group, And Leste Group And Seller Priderock Capital Management

8150 Chatham Manor Boulevard, Orlando, Florida 32821, United States

$151,000,000

$283/SF

Building Size

533,458 SF

Asset Type

MultiFamily

Closing

Apr 26, 2022

AI

The multifamily property located at 8150 Chatham Manor Blvd in Orlando has been sold in a closed transaction. The property consists of 448 units, with a total square footage of 504,000. The sale price for this transaction was $151,000,000, resulting in a price per unit of $337,054 and a price per square foot of $300.

Summary of Transaction Details

  • Property Type: Multifamily
  • Transaction Amount: $151,000,000
  • Address: 8150 Chatham Manor Blvd, Orlando
  • Units: 448
  • Price per Unit: $337,054
  • Total Square Footage: 504,000
  • Price per Square Foot: $300

The buyers involved in this transaction include East Hill Capital Partners represented by Duff Bedrosian, The Bascom Group represented by Jerry Fink and Jim Singleton, and Leste Group represented by Josh Patinkin. The seller for this property was Priderock Capital Management, represented by David Khoury. The brokerage services for this deal were provided by Scott Ramey from Newmark.

Players

Dustin Stolly

Walker & Dunlop

Broker

$49.4B

vol

268 deals

Broker

David Khoury

Seller

$228.3M

vol

3 deals

Seller
KKR
KKRLender

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

0.11%

Cash-on-Cash

-0.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93