calibre bend apartments winter park florida

“The price per unit for this vintage asset can be attributed to the Orlando market’s strong fundamentals and the broad reach of IPA Northeast & Florida,” said Regan. Witten and IPA executive director Victor Nolletti, along with Carriera and Michael Regan, first vice president investments, represented the seller and procured the buyer. “The acquisition provides new ownership with an immediate opportunity to add value to a ‘best-in-class’ asset in the submarket by implementing light interior upgrades,” added Frank Carriera, first vice president investments. “The property is an extensively renovated, impeccably maintained asset with a 25-year history of institutional ownership,” said Steve Witten, an executive director of IPA’s Northeast and Florida team.

The $29 million sales price equates to $137,000 per unit. WINTER PARK, FL - Marcus & Millichap announced its Institutional Property Advisors (IPA) division has closed the sale of Calibre Bend Apartments, a 212-unit luxury multifamily asset in Winter Park, Florida.

Calibre bend apartments winter park florida