The Aberly Group Acquires Multifamily Asset In Altamonte Springs For $54.7M | 850 Orienta Avenue | Shelton Granade, Luke Wickham, Justin Basquill | MultiFamily | Sale

Summary

Sale

FLORIDA

MultiFamily

3,486 sqft

The Altamonte Springs multifamily property located at 850 Orienta Avenue has been sold in a recent transaction. The property, consisting of 354 units, was purchased by The Aberly Group for a total price of $54,700,000. The sale was facilitated by Shelton Granade, Luke Wickham, and Justin Basquill of Institutional Property Advisors.

Summary of transaction details:

Property Type: Multifamily
Transaction Amount: $54,700,000
Address: 850 Orienta Avenue
Market: Altamonte Springs

The sale of this multifamily property marks a significant investment by The Aberly Group. The transaction was handled by the experienced brokers Shelton Granade, Luke Wickham, and Justin Basquill of Institutional Property Advisors. The property's prime location in Altamonte Springs adds to its appeal and potential value in the market.

Players

All
4

Agents
3
Agencies
1

Shelton Granade

Executive Managing Director Investments

$1.2B Sold

Luke Wickham

Senior Managing Director Investments

$762.3M Sold

Justin Basquill

First Vice President

$691.4M Sold

Marcus & Millichap

Details

Deal Summary

SOLD

IMAGE: Justin Basquill, Luke Wickham & Shelton Granade DATE: 05/03/2021 ADDRESS: 850 Orienta Avenue MARKET: Altamonte Springs ASSET TYPE: Multifamily BUYER: The Aberly Group SELLER: Lighthouse Group BROKERS: Shelton Granade, Luke Wickham & Justin Basquill - Institutional Property Advisors PRICE: $54,700,000 UNITS: 354 ~ PPU: $154,520

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Address850 Orienta Avenue

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