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12001 Research Parkway

General Dynamics Renews 50,368 Square Foot Lease At Resource Square III In Orlando
LEASEDOffice

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

Diane Drobia

CBRE

Broker

1 deal

Broker
Angelo Bianco

Angelo Bianco

CP Group

Landlord

6 deals

Landlord
CG
CP GroupLandlord

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