Silver ND I LLC & Pier ND LLC Acquire Multifamily Property In Orlando For $101.25M
335 North Magnolia Avenue
Summary
The multifamily property located at 335 N Magnolia Avenue in Orlando has been sold in a transaction. The sale was handled by Institutional Property Advisors - Marcus & Millichap, represented by brokers Shelton Granade, Luke Wickman, and Justin Basquill. The property was sold by Novarge Group to buyers Silver ND I LLC and Pier ND LLC. The sale price for the property was $101,250,000, with a total of 320 units. This translates to a price per unit of $316,400.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $101,250,000
- Address: 335 N Magnolia Avenue, Orlando
- Market: Orlando
- Buyer: Silver ND I LLC & Pier ND LLC
- Seller: Novarge Group
- Brokers: Shelton Granade, Luke Wickman, and Justin Basquill - Institutional Property Advisors - Marcus & Millichap
- Units: 320
- Price Per Unit (PPU): $316,400
The transaction of the multifamily property involved Silver ND I LLC and Pier ND LLC as buyers, and Novarge Group as the seller. Shelton Granade, Luke Wickman, and Justin Basquill, who are associated with Institutional Property Advisors - Marcus & Millichap, represented the seller in the deal. The final sale price for the property was $101,250,000, with a total of 320 units. This transaction marks a significant deal in the Orlando market.
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