Capital Vision Management has acquired a multi-family asset in Orlando for $17.6 million. The Cadence Crossing apartment complex is located within a 10 minute drive of the Orlando International Airport and sold for just over $95,652 per unit. The 184 unit property was 95 percent leased at the time of the sale. Built in 1973 and recently renovated, the two story apartment property offers a clubhouse, a large resort-style pool and sun deck, and business center. CBRE’s Shelton Granade, Luke Wickham, and Justin Basquill represented the seller, Aspen Square.
“This is a great example of new capital flowing to Orlando. For their first multifamily purchase in Florida, Capital Vision Management was drawn to Cadence Crossing based on its high-demand location near both Orlando Health and one of the South’s busiest airports,” said Shelton Granade, CBRE Vice Chairman.
