Sunday, September 23, 2012

Hendricks & Partners Negotiates $3.465 Million Sale of Roselea Manor Apartments in Sanford, FL




ORLANDO, FL --- Hendricks & Partners, one of the nation’s largest and most active multi-family investment banking and research companies, recently negotiated the sale of Roselea Apartments (top left photo) on Ridgewood Ave. in Sanford for $3,465,000, or $26,250 per unit and $26.41 per square foot.

The community was 60 percent occupied at the time of closing.

Cole Whitaker (lower right photo), partner who heads Hendricks & Partners in the Southeast, negotiated the sale with associate partner Hal Warren.

Bob Hold, with Hold Thyssen, acted as receiver and assisted in the sales effort.

The 132 unit Roselea apartment community was built in 1974, with an average unit size of 994 square feet.

For more information, contact:

Cole Whitaker, Southeast Partner, Hendricks & Partners, 407-218-8880, cwhitaker@hpapts.com
Hal Warren, Associate Partner, Hendricks & Partners, 407-218-8881, hwarren@hpapts.com
Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142 lvershelco@aol.com.

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