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4061 Forrestal Avenue

Bill Oleyar Acquires Industrial Asset From Bijan Elahi In Orlando For $12M
SOLDIndustrial

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

Nick Watson

Matthews

Broker

$149.4M

vol

20 deals

Broker

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