ORLANDO-CB Richard Ellis has closed the sale of a gated apartment community in the South Orlando submarket. The 304-unit Oakwood apartments situated near Universal Studios and the Mall at Millenia has changed hands for $23,350,000.
The apartment community, constructed in 1986, was 93% occupied at the time of sale. It contains two swimming pools, tennis and racquetball courts and a fitness center. Luke Wickham and Shelton Granade from Central Florida Multi-Housing Group at CBRE negotiated the deal on behalf of the seller. For the full story, go to Florida Real Estate Journal .
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