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

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SOLD
$12,000,000

Florida

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Industrial52,750 SF
Sold 10/01/2025
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SOLD

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

4061 Forrestal Avenue

See Similar Deals
Industrial52,750 SF
Sold 10/01/2025
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Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$227
Total Square Footage:52,750 SF
Transaction Type:Sale

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
20 deals$149.4M volume(321) 960-1810
BROKER

Jake Lurie
Matthews
7 deals$106.3M volume(561) 512-1658
BROKER

Christian Peters
Matthews
3 deals$21.8M volume(863) 604-1619
BROKER

Details

SOLD
IMAGE: Jake Lurie, Christian Peters & Nick Watson DATE: 10/01/2025 ADDRESS: 4061 Forrestal Avenue MARKET: Orlando ASSET TYPE: Industrial BUYER: Bill Oleyar SELLER: Bijan Elahi BROKERS: Nick Watson, Jake Lurie & Christian Peters - Matthews (@Matthews_CRE) SALE PRICE: $12,000,000 SF: 61,150 ~ PPSF: $196 (Industrial: 52,750 SF Retail: 8,400 SF)

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$640,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$42,633.46
Cash-on-Cash Return-1.27%
Monthly Debt Service$56,886.12
Annual Debt Service$682,633.47