Orlando multifamily complex sold

Property features nearly 300 units

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Marcus & Millichap negotiated the sale of Jasmine at Orlando East, a 296-unit apartment community, in Orlando, Fla. The value of the transaction was $18 million. The identities of the buyer and seller were not disclosed. Built in 1984, Jasmine at Orlando East is located at 7595 Suntree Circle. The property consists of 225,800 rentable square feet situated on 13.2 acres. The property has 56 studio, 128 one-bedroom and 112 two-bedroom units ranging in size from 550 square feet to 925 square feet. Encino, Calif.-based Marcus & Millichap is a commercial real estate brokerage operating nationwide. *** What's your opinion? Send your Letter to the Editor to opinion@inman.com....