SR Apartments Sells Orlando Asset for $17M
CaSienna Apartments was built between 1972 and 1973 and includes 160 units. Franklin Street arranged the transaction.
SR Apartments LLC has sold CaSienna Apartments, a 160-unit, garden-style community located in southwest Orlando for $16.8 million. Managing Partner Robert Goldfinger, Managing Director Darron Kattan, Senior Director Kevin Kelleher and Director Zachary Ames of Franklin Street’s Tampa office arranged the transaction.
Located at 5703 Stoneridge Court, the property was built between 1972 and 1973 and comprises 16 one- and two-story buildings. Common-area amenities include:
- two swimming pools
- a clubhouse
- tennis courts
- extra storage space
“CaSienna offered the buyer an excellent value-add opportunity to invest in a stable asset with strong cash flow in the emerging market of Orlando,” said Kattan in prepared remarks. “The community’s long-term rental pool, high occupancy rates and easy access to local tourist attractions made it even more attractive for the investor.”
Interstate 4 and the Florida Turnpike are both easily accessible from the property. The Seasons Resort, Walmart, Oak Ridge Plaza, Bank of America and Orange Technical College are all located nearby,
Photo via Google Street View