BlackRock Realty Advisors Inc. Acquires Multifamily Property In Orlando For $153.5M
SOLD
$153,500,000
Florida
See Similar DealsMultiFamily
Sold 07/06/2022
SOLD
BlackRock Realty Advisors Inc. Acquires Multifamily Property In Orlando For $153.5M
9950 Elan Circle, Orlando, Florida 32836, United States
See Similar DealsMultiFamily
Sold 07/06/2022
Summary
FLORIDA
Asset Type:MultiFamily
Transaction Type:Sale
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.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$8,186,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$545,353.08
Cash-on-Cash Return-1.27%
Monthly Debt Service$727,668.31
Annual Debt Service$8,732,019.74
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