Berkadia Brokers $20M Sale of Multifamily Property in Central Florida

by John Nelson

KISSIMMEE, FLA. — Berkadia has arranged the $20 million sale of The Park at Sorrento, a 208-unit apartment community located at 900 Woodside Circle in Kissimmee. Jacksonville-based Michaelson Real Estate Group purchased the asset from Tampa-based Blue Roc Premier. Built in 1974, the property features one-, two- and three-bedroom units and amenities including a laundry facility, pool, fitness center, playground and an outdoor grilling area. The community is situated less than 10 miles from Walt Disney World and 18 miles from Orlando International Airport. Cole Whitaker, Jason Stanton and Greg Rainey of Berkadia negotiated the transaction.

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