General Dynamics Renews 50,368 Square Foot Lease At Resource Square III In Orlando
12001 Research Parkway
Building Size
50,368 SF
Asset Type
Office
Closing
Apr 2, 2025
AI
The property involved in this transaction is an office asset located at 12001 Research Parkway in Orlando. It covers a total area of 50,368 square feet. The asset is part of the Central Florida Research Park and includes recent upgrades such as outdoor seating, a lakefront gazebo, and move-in-ready spec suites.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Square Footage: 50,368
- Address: 12001 Research Parkway
- Market: Orlando
- Landlord: Angelo Bianco & Chris Eachus - CP Group
- Tenant: Phebe Novakovic - General Dynamics
- Landlord's Representative: Madison Kimbell - JLL
- Tenant's Representatives: Chris Sproles & Diane Drobia - CBRE
General Dynamics has renewed its lease at Resource Square III, with CBRE representing the tenant and JLL representing the landlord, CP Group. The transaction reflects the ongoing relationship between General Dynamics and the property owners.
Players
Orlando Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93