Saturday, August 3, 2013

CBRE Orlando Closes Sailpointe at Lake Monroe in Sanford, FL for $18.5 Million


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.

Shelton Granade
 Shelton Granade, Luke Wickham, and Justin Basquill of CBRE’s Orlando office exclusively represented the seller in the transaction.

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.

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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