Hendricks & Partners Negotiates $3.465 Million Sale of Roselea Manor Apartments in Sanford

ORLANDO, Fla. --- Hendricks & Partners, one of the nation’s largest and most active multi-family investment banking and research companies, recently negotiated the sale of Roselea Apartments on Ridgewood Ave. in Sanford for $3,465,000, or $26,250 per unit and $26.41 per square foot. The community was 60 percent occupied at the time of closing. Cole Whitaker, partner who heads Hendricks & Partners in the Southeast, negotiated the sale with associate partner Hal Warren. Bob Hold, with Hold Thyssen, acted as receiver and assisted in the sales effort. The 132 unit Roselea apartment community was built in 1974, with an average unit size of 994 square feet.