Jason Stanton |
MELBOURNE, Fla. – Berkadia
recently completed sales of two multifamily properties in Melbourne: the Veridian Townhomes and Savannahs at James Landing.
The sales were completed
by Managing Director Cole Whitaker
and Senior Director Hal Warren of
the Orlando office and Director Jason
Stanton of the Tampa office of Berkadia.
The seller of Veridian
Townhomes was Central Park Multifamily Partners, LLC of Nashville, Tenn. and
the seller of Savannah at James Landing was Melbourne Multifamily Partners,
LLC. Both properties were more than 95 percent
occupied at the time of sale.
“The Melbourne market is
continuing to experience strong interest from investors across the U.S. who are
attracted to the rental market and opportunities for growth,” said Whitaker.
“The buyer in this transaction is very familiar with the area and saw strong
potential in these two properties.”
Built in 1983, the
Veridian Townhomes are located at 2420 Central Park Drive. The 120-unit
property includes one-, two- and three-bedroom floor plans. Unit amenities
include ceiling fans, appliances, balconies or patios, and extra on-site
storage facilities. The community features a swimming pool, playground, tennis
court, fitness center, clubhouse, and barbecue area.
Cole Whitaker |
Savannahs at James Landing
is located at 3051 Savannah Way. Built in 1989, the 256-unit property features
one- and two-bedroom floor plans. Unit amenities include European style
cabinetry, stainless steel appliances, balconies or patios, walk-in closets and
granite countertops.
The community offers many
amenities including a clubhouse, swimming pool, business center, fitness
center, clothes care center, lake, dog park, volleyball court and tennis court
as well as biking and walking trails.
One of the top employers
in the area is Harris Corporation, the largest technology company in Central
Florida, located approximately six miles from both properties and headquartered
in Melbourne, Florida.
For a complete copy of the company’s news release,
please contact:
Larry Vershel or Beth
Payan, Larry Vershel Communications 407-644-4142 lvershelco@aol.com
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