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

shelton.granade@cbre.com,

 luke.wickham@cbre.com,

 justin.basquill@cbre.com

189 S. Orange Avenue

Suite 1900

Orlando, FL 32801