Cushman & Wakeman has arranged the sale of a 3.82-acre site located directly adjacent to the University of Central Florida in Orlando. The final sale price was $15.6 million. Travis Prince, Mike Donaldson, and Nick Meoli represented the seller in the transaction.

A joint venture of 908 Group and Scannell Properties acquired the property.

“This site offered a premier location close to campus in a market with leading occupancy, rental rates and high demand,” Prince said.

The property, located at 12175 Science Drive, is currently occupied by Pine Ridge Terrace, a multifamily apartment community. The property has the potential to support as many as 764 student housing beds.