Thursday, July 10, 2014

CBRE Orlando Closes Lakeside at Greenboro in Melbourne, FL for $16.65 Million


Lakeside at Greenboro Apartments, Melbourne, FL
ORLANDO, FL -- CBRE is pleased to announce that it has sold the Lakeside at Greenboro apartments in Melbourne for $16,650,000.

This 232-unit rental community was built in 1987, and was 94% occupied at closing. Shelton Granade, Luke Wickham, and Justin Basquill of CBRE’s Orlando office exclusively
represented the seller in the transaction.

Lakeside at Greenboro offers 1, 2, and 3 bedroom units averaging 1,052 SF, and an amenity package including a swimming pool, heated spa, fitness center, and tennis
courts.

The property is near the Melbourne International Airport, and the buyer was attracted to the area’s emerging high-tech employment base. CBRE’s Central Florida Multi-Housing Group continues to be the market leader, and has closed more than $845,000,000 in the Orlando MSA in the last 18 months.

For a complete copy of the company’s news release, please contact:

Shelton D. Granade, Jr., Executive Vice President
CBRE | Investment Properties - Multifamily
200 S. Orange Avenue, Suite 2100 | Orlando, FL 32801
T 407 839 3103 F 407 404 5001


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