Commercial Real Estate, Capital, Insurance, Leasing & Management

Franklin Street Brokers $14.1M Sale of 251-Unit Community in Orlando

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Franklin Street has brokered the $14.1 million sale of Misty Oaks, a 251-unit multifamily community located at 744 Spring West Circle in Orlando.

ORLANDO, FLA. — Franklin Street has brokered the $14.1 million sale of Misty Oaks, a 251-unit multifamily community located at 744 Spring West Circle in Orlando. The community, which is 95 percent occupied, offers one-bedroom, one-bathroom units. Approximately half of the units have undergone renovations and are achieving premium rent. Franklin Street’s Darron Kattan, Kevin Kelleher, Zachary Ames and Robert Goldfinger represented the undisclosed seller in the transaction. The buyers were 1031 investors from out of state.

View the original story here: https://rebusinessonline.com/franklin-street-brokers-14-1m-sale-of-251-unit-multifamily-community-in-orlando/

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