Bill Oleyar Acquires Industrial Asset From Bijan Elahi In Orlando For $12M
4061 Forrestal Avenue
$12,000,000
$227/SF
Building Size
52,750 SF
Asset Type
Industrial
Closing
Oct 1, 2025
AI
The property asset involved in this transaction is an industrial building located at 4061 Forrestal Avenue in Orlando. The sale took place at a transaction amount of $12,000,000, with the property encompassing a total square footage of 61,150. The price per square foot for the asset is $196, which includes 52,750 square feet allocated to industrial use and an additional 8,400 square feet designated for retail.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $12,000,000
- Square Footage: 61,150
- Address: 4061 Forrestal Avenue
- Market: Orlando
- Price Per Square Foot: $196
- Buyer: Bill Oleyar
- Seller: Bijan Elahi
- Brokers: Nick Watson, Jake Lurie & Christian Peters - Matthews
This transaction involved key participants in the real estate process, namely Bill Oleyar as the buyer and Bijan Elahi as the seller. The brokers facilitating the deal were Nick Watson, Jake Lurie, and Christian Peters representing Matthews, who played a pivotal role in the successful execution of this sale.
Players
Orlando Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.32%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93