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The Aberly Group Acquires Multifamily Asset In Altamonte Springs For $54.7M

850 Orienta Avenue
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This MultiFamily property located in FL was sold for $54,700,000 almost 3 years ago. The brokers of the deal were Shelton Granade, Luke Wickham, and Justin Basquill

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.

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Deals
  • Location
    850 Orienta Avenue, Altamonte Springs, FL, USA850 Orienta Avenue, Altamonte Springs, FL, USA
  • Sale Price
    $54,700,000$54,700,000
    $15,691 PPSF$15,691 PPSF
  • Area
    3,486 SF3,486 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    3 Brokers, 1 Agency3 Brokers, 1 Agency

Agents

Shelton Granade

Shelton Granade

Deals20
Financed$1.2B

Luke Wickham

Luke Wickham

Deals15
Financed$762.3M

Agency

Marcus & Millichap

Marcus & Millichap

Agency
Deals6999
Volume$66B

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Deal Summary

SALE 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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850 Orienta Avenue

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