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| Sailpointe at Lake Monroe Apartments, Sanford, FL |
ORLANDO, FL -- CBRE is pleased to announce that it has sold Sailpointe at Lake Monroe in Sanford for $18,500,000.
This 256-unit rental community was built in 1985, and was 94% occupied at
closing.
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| Shelton Granade |
Shelton Granade,
Luke Wickham, and Justin Basquill of CBRE’s Orlando office
exclusively represented the seller in the transaction.
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| Luke Wickham |
Sailpointe offers 1 and 2 bedroom units averaging 811 SF
with resort-style amenities oriented to maximize views of Lake Monroe. The
property is within walking distance of downtown Sanford, the Sanford Marina,
and the Riverwalk recreational area.
CBRE’s Central Florida Multi-Housing Group continues to be
the market leader, and has closed more than $410,000,000 in the Orlando MSA
thus far in 2013.
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| Justin T. Basquill |
For a complete copy of the company’s news release, please contact:
Shelton Granade, Luke Wickham or Justin Basquill
Executive Vice President, First Vice President, Director of Operations
T 407.839.3103, T 407.839.3130, T 407.839.3169
189 S. Orange Avenue
Suite 1900
Orlando, FL 32801
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