AssistRx Leases 54664 Square Feet At Maitland Promenade II From KBS Realty Advisors
495 Keller Road
Building Size
54,664 SF
Asset Type
Office
Closing
Dec 4, 2024
AI
The property asset involved in this transaction is a Class A office building located at 495 North Keller Road in Maitland, Florida. The total square footage of this asset is 54,664 square feet, and it is situated in a market characterized by modern amenities and proximity to downtown Orlando.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Landlord: Marc DeLuca - KBS Realty Advisors
- Tenant: Jeff Spafford - AssistRx
- Landlord's Representative: Colin Morrison & Jay Dixon - CBRE
- Tenant's Representative: Joe Hills - HLI Partners
- Lease Term: Long-term
- Move-in Date: Q2 2025
This lease marks a significant deal for AssistRx, as they secured 54,664 square feet in Maitland Promenade II. HLI Partners, representing the tenant, facilitated the agreement with KBS Realty Advisors, whose interests were represented by CBRE in this transaction.
Players
Maitland 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