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| Vista Verde Apartments, Orlando, FL |
Orlando, FL – CBRE
Capital Markets arranged the sale of Vista Verde Apartments, located at
1658 S. Hiawassee Road in Orlando, FL, for $22.2 million.
The 200-unit luxury apartment community was completed in
1990 and has a current occupancy of 97%.
CBRE exclusively represented the seller in the transaction,
Karlin Real Estate out of Los Angeles.
Shelton Granade,
Executive Vice President of CBRE Capital Markets, Multifamily, said, “Multifamily
offerings in Orlando are continuing to draw a diverse and deep pool of
investors,
particularly on well-located assets like Vista Verde.
“Upgraded units in this South Orange County submarket are
achieving $100/month premiums, and new ownership has the tremendous opportunity to generate additional returns through
modest interior renovations.”
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| Shelton Granade |
Located 15 minutes from downtown Orlando and just 10 minutes
to Orlando’s “Restaurant Row” in the Dr. Phillips area, and five minutes to the
upscale Mall at Millenia, the community offers golf course views and luxury features
such as a large resort-style pool and sun deck, private garages, barrel tile
roofs, and full-size washers and dryers in all units.
Shelton Granade, Luke Wickham, and Justin Basquill
led the sales effort for CBRE, and have closed more than $1.5 billion in
apartment sales in Central Florida since 2013 to date.
For a complete copy of the company’s news
release, please contact:
Elizabeth Cross
Marketing Director, FL
305.428.6373
Daniel Jimenez
Communications Specialist
407.839.3191
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