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Yes Property Investments Acquires The Studios at Uptown for $6M

Cross Florida Management Corp. Sells 73,000-SF Multifamily Community
November 29, 2017
Yes Property Investments Inc., a Miami-based company, purchased the 108-unit The Studios at Uptown multifamily community in Altamonte Springs, FL from Cross Florida Management Corp. for $6 million, or $55,556 per unit.

The three-building, 72,508-square-foot complex delivered in 1973 and features amenities such as a pool, laundry facilities and a tennis court. Located at 245 Lorraine Dr., this garden-style community is adjacent to Interstate 4, accessible via West State Rd. 436

Michael Donaldson and Nicholas Meoli of Marcus & Millichap brokered the deal on behalf of the seller and buyer.

Please see CoStar COMPS #4051664 for more information on this transaction.
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