Eastwind Development LLC and Index Investment Group sold the 216-unit Sonoma Pointe apartments at 130 Santa Rosa Dr. in Kissimmee, FL for $40 million, or approximately $185,000 per unit, to Bluerock Real Estate LLC.
The 214,260-square-foot multifamily community consists of one-, two- and three-bedroom units in nine buildings. It was constructed in 2015 in the Osceola County submarket and was 94 percent occupied at time of sale.
Marc deBaptiste, Richard Donnellan, Kevin Judd, Patrick Dufour, Scott Ramey and Ryan Crowley of ARA Newmark represented the sellers. The buyer handled the sale in-house.
Please see CoStar COMPS #3976067 for more details on this transaction.Central Florida Commerical Real Estate, commercial real estate, KISSIMMEE, multifamily market