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| Madison Carrington Place Apartments, 129 East Villa Capri Circle, Deland, FL |
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| Shelton Granade |
Orlando, FL – CBRE arranged the sale of Madison
Carrington Place, located at 129 E. Villa Capri Circle, Deland, FL, for
$14.3 million.
The 224-unit apartment community was completed in 1987 and
has a current occupancy of 97%. CBRE exclusively represented the seller in the transaction, Equus Capital
Partners, LTD.
“Investor interest in good tertiary markets like Deland has
been steadily increasing, “said
Shelton Granade, Executive Vice President of CBRE
Capital Markets, Multifamily.
“Buyers canget more yield, and there's a powerful job story emerging in
Volusia County with advances in health care and education employment.”
Located just one mile from historic downtown Deland and only
minutes from Stetson University,
Florida Hospital DeLand and the Florida Hospital Fish
Memorial, the community features
amenities such as a large pool and sun deck, business
center, fitness center, lighted tennis,volleyball and recreation courts, car care center and
private patios/balconies.
Shelton Granade, Luke Wickham, and Justin Basquill
led the sales effort for CBRE, and have
closed approximately $1.6 billion in apartment sales in
Central Florida since 2013 to date.
CBRE Group, Inc.
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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