Sanctuary at West Port Apartments

IPA is pleased to present Sanctuary at West Port (“The Property”), a 360-unit luxury rental offering completed in 2018 in the high-growth, highly-coveted Port Orange area of Central Florida. This gated community is just 30 minutes from the well-known Lake Mary/Sanford area of Orlando and less than 10 minutes from major employers in the burgeoning Port Orange/Daytona/Volusia County MSA, now home to more than 720,000 people. This gated community has the best amenities and features in the competitive set and offers investors the rare opportunity to acquire newer product with upside below replacement cost in a rapidly expanding corridor of Florida. The property can be purchased free and clear of the existing debt or through assumption of the existing loan with a fixed-rate of 3.96%.