ORLANDO, FL --- Hendricks & Partners, one of the nation’s largest and most active multi-family investment banking and research companies, recently negotiated the sale Silver Terrace I and Silver Terrace II Apartments (top left photo), located on Rose Coral Drive in Orlando’s Pine Hills for $2.478 million.Cole Whitaker (middle right photo), partner and director of the Southeast Division of Hendricks & Partners, negotiated the sale with associate partner Hal Warren in Orlando and senior investment advisor Jason Stanton in the firm’s Tampa office.
Hendricks & Partners represented the seller, Blue Valley Apartments, Inc. The buyer was not disclosed.
Silver Terrace I Apartments brought a sale price of $1,571,500 and Silver Terrace II Apartments sold for $906,600. Combined, Silver Terrace Apartments total 164 units in 93,312 square feet. The one-story garden style apartments built in 1987 range from studio to two-bedroom/two-bath with an average rent of $505.
Hendricks & Partners Negotiates $1.548 million sale of Pineview Apartments in Pine Hills, FL
ORLANDO, Fla. --- Hendricks & Partners, one of the nation’s largest and most active multi-family investment banking and research companies, recently negotiated the sale of the Pineview Apartments, on N. Pine Hills Rd in Orlando for $1.548 million.
Cole Whitaker, partner and director of the Southeast Division of Hendricks & Partners, negotiated the sale of the 91-unit apartment property with associate partner Hal Warren in Orlando and senior investment advisor Jason Stanton (lower right photo) in the firm’s Tampa office.
Hendricks & Partners represented the seller, Blue Valley Apartments, Inc. The buyer was not disclosed.
The 25-year-old Pineview apartment community with a total of 46,656 rentable square feet consists of studio, one and two bedroom units with a monthly rent that averages $481.
For more information on both transactions, please contact:
Jason T. Stanton CCIM, Senior Investment Advisor, Hendricks & Partners, 727-674-4097, jstanton@hpapts.com
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