Kissimmee / Orlando, Fla. – Berkadia recently completed the sale of The Park at Sorrento, a 208-unit, multi-family property in Kissimmee. Managing Director Cole Whitaker of Berkadia’s Orlando office, Senior Director Jason Stanton of Berkadia’s Tampa office, and Director Greg Rainey of Berkadia’s Jacksonville office negotiated the $20 million sale.
The sale was orchestrated by Tampa-based seller, Blue Roc Premier, and the buyer was Michaelson Real Estate Group, LLC based in Jacksonville.
“This transaction represented the opportunity for the purchaser to acquire a completely renovated community in a quality suburban location outside of Orlando,” said Whitaker.
Built in 1974, The Park at Sorrento features one- two- and three-bedroom units with fully equipped kitchens and balconies or patios. Residents enjoy community amenities such as laundry facilities, a pool, a fitness center, playground, and an outdoor grilling area.
Located at 900 Woodside Circle, The Park at Sorrento provides convenient access to N. John Young Parkway and W. Irlo Bronson Memorial Highway. The property is less than 10 miles from Walt Disney World and 18 miles from the Orlando International Airport. Top employers in the area include Osceola Regional Medical Center and Florida Hospital Kissimmee.
# # #
Berkadia, a joint venture of Berkshire Hathaway and Leucadia National Corporation, is a leader in the commercial real estate industry, offering a robust suite of services to our multifamily and commercial property clients. Through our integrated mortgage banking, investment sales and servicing platform, Berkadia delivers comprehensive real estate solutions for the entire life cycle of our clients’ assets.
To learn more about Berkadia, please visit www.berkadia.com.