Senior Managing Director Cole Whitaker in the Orlando office, Senior Director Jason Stanton in the Tampa office, and Director Greg Rainey in the Jacksonville office collaborated to complete the $19.4 million sale.
The seller was Tampa-based Palm Harbor Property Holdings, LLC, and the buyer was Goldelm at Salerno, LLC based in Reno, Nevada, who partnered with Michaelson Real Estate Group based in Jacksonville.
“The strong job growth the Orlando market experienced throughout 2016 has carried over into this year,” Whitaker said. “The Park at Salerno offered an attractive investment opportunity in an area that is expected to maintain a healthy economy throughout 2017.”
The 200-unit property offers one, two, and three-bedroom floor plan options. Unit amenities include fully-equipped kitchens with pantries, two-tone interiors, expansive closet space, and plantation-style blinds. Select units come with washer and dryer hookups and additional select units have breakfast bars.
Among amenities tenants enjoy are a clubhouse, coffee bar, resident lounge, business center, state-of-the-art fitness center, two pools, tropical landscaping, planned social activities, and gated access.
The Park at Salerno is conveniently located four miles from downtown Orlando and less than eight miles from Orlando International Airport.
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For more information, media contacts:
Cole Whitaker, Managing Director, Berkadia 407-481-2126 email@example.com
Jason T. Stanton, Senior Director, Berkadia, 727-674-4097; firstname.lastname@example.org
Greg Rainey, Director, Berkadia, 904-513-9347 email@example.com
Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142 or 407-461-3781 firstname.lastname@example.org
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.