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| Robert P. Hold |
WINTER
PARK, FL --- Robert P.
Hold, principal at Hold-Thyssen, Inc., negotiated a sale of the 97-unit Evergreen Apartments in
Winter Park .
The value-add multi-family
property built in 1972 that operated more than four decades at or over 95
percent occupancy recently sold for $9,650,000 or $99,484 per unit.
Hold purchased the
property with partners for $725,200 in 1977 when the one-bedroom apartments
were known as the place where the Minnesota Twins stayed during spring
training. The most recent asking rents have been in the $800 per month
range, Hold said.
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| Cole Whitaker |
The buyer, an
affiliate of Massachusetts-based Aspen Square Management who
invests in value-add multi-family opportunities, plans to completely renovate
the entire interior and exterior of the complex.
Cole Whitaker of Berkadia Real Estate Advisors represented
the buyer in the transaction.
Hold-Thyssen Inc. is
a full service commercial property firm that provides commercial property
brokerage, leasing and management services to institutional and private
investor clients nationwide.
The 40-year old
firm’s current management portfolio includes more that 100 commercial
properties throughout the United States .
CONTACTS:
Larry Vershel or Beth Payan, Larry Vershel Communications
Inc.
407-644-4142 Lvershelco@aol.com
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