Updated Dec 14, 2024
BlackRock Realty Advisors Inc. Acquires Multifamily Property In Orlando For $153.5M
9950 Elan Circle, Orlando, Florida 32836, United States
$153,500,000
Units
372
Asset Type
MultiFamily
Closing
Jul 5, 2022
About this deal
AI
The multifamily property located at 9950 Elan Circle in Orlando has been sold in a recent transaction. The property consists of 372 units and was sold for a price of $153,500,000, resulting in a per unit price of $412,634.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $153,500,000
- Units: 372
- Price Per Unit: $412,634
BlackRock Realty Advisors Inc. has acquired the property. The seller in this transaction is Greystar Real Estate Partners, represented by Bob Faith of their firm.
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
0.10%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93