CBRE Brokers $25.5M Sale of Apartment Community in Orlando
ORLANDO, FLA. — CBRE has arranged the $25.5 million sale of The Serrano, a 252-unit apartment community located at 4860 Cypress Woods Drive in southwest Orlando. The property is situated near the Universal Orlando Resort and The Mall at Millenia and seven miles from downtown Orlando. Built in 1990, the property is located within a wooded conservation and was 94 percent occupied at the time of sale. Ann Arbor, Mich.-based McKinley Inc. purchased The Serrano from an undisclosed seller. Shelton Granade, Luke Wickham and Justin Basquill of CBRE represented the seller in the transaction.