Camden Property Trust Pays $65.9M for Orlando Rental Community
Bainbridge sold the 322-unit Soloya apartment complex in Orlando for $65.9 million, just over $200,000 a unit. Bainbridge delivered the project in 2018. Camden Property Trust was the buyer. Commercial Edge reports that following the purchase, the company rebranded the asset as Camden Lake Buena Vista.
Camden Lake Buena Vista consists of eight four-story residential buildings sitting on more than 16 acres. The unit mix comprises one-, two- and three-bedroom floorplans ranging from 713 to 1,375 square feet. Apartments also have sunrooms and private balconies or patios.
Common-area amenities include a fitness center, a swimming pool, playground, clubhouse and business center, as well as 450 parking spaces. Additionally, the community features an outdoor summer kitchen with barbecue grills, a yoga and spin studio, a sundeck lounge and lakeside cabanas.
Located at 11833 Westwood Blvd., the garden-style property is close to several retail and dining options.
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout