WINTER PARK, FL -- CB Richard Ellis is pleased to announce the sale of Sun Bay apartments (top left photo) in Winter Park for $5,200,000. Built in 1974, Sun Bay features 195 units with one- and two-bedroom floor plans averaging 629 SF. The property was 89% occupied at closing, and the buyer plans to renovate and reposition the asset.
Shelton Granade (middle right photo)and Luke Wickham (lower left photo) of CBRE’s Central Florida Multi-Housing Group exclusively represented the seller.
The closing was CBRE’s 18th multi-housing transaction locally in 2011
year to date. Buyer interest in multi-housing assets in Central Florida has increased significantly.
For further information, please contact the Central Florida
Multi-Housing Group of CB Richard Ellis.
Shelton Granade, Senior Vice President, T 407.839.3103
Luke Wickham, Director of Operations, T 407.839.3130
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