ORLANDO-Stoneridge Apartments has traded for $5 million. That equates to $31,250 per unit, or $40.58 per square foot, on the 160-unit property.

Franklin Street managing directors Bob Goldfinger and Darron Kattan, along with director Kevin Kelleher represented both parties in the transaction. The undisclosed seller had owned the property for more than 20 years. The buyer is a syndicator based out of Chicago who obtained bridge financing.

“Stoneridge is well located at the busy intersection of Oakridge and Texas,” Goldfinger tells GlobeSt.com. “The property is in generally good condition with both upgraded and worn out interior units. The original office had been let go and became storage.”