Black Salmon Acquires Office Building In Orlando For $67.8M
111 N Orange Ave, Orlando, FL 32801, USA
$67,800,000
$276/SF
Building Size
245,201 SF
Asset Type
Office
Closing
Dec 18, 2019
About this deal
AI
An office property located at 111 N. Orange Ave in Orlando has been sold for a total price of $67,800,000. The property spans a total area of 245,201 square feet, with a price per square foot of $276.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $67,800,000
- Address: 111 N. Orange Ave, Orlando
- Market: Orlando
The buyer of the property is Black Salmon, represented by Jorge Escobar. The seller is Tower Realty Partners, represented by Jeremy Keck.
The office sale at 111 N Orange Ave, Orlando, FL 32801, USA in Orlando, Florida sold for $67.8M in 2019. The building is 245,201 square feet, implying about 276 per square foot on the published price. This page is the Orlando, Florida file for the 111 N Orange Ave, Orlando, FL 32801, USA office sold: pricing, party profiles, and other closed office comps from the same Orlando sit in the Market section below. Filter that Orlando office set by closing date to see what else sold near 111 N Orange Ave, Orlando, FL 32801, USA around 2019. Published consideration for 111 N Orange Ave, Orlando, FL 32801, USA is $67.8M, dated 2019. Cite this Black Salmon Acquires Office Building In Orlando For $67.8M sale when underwriting similar office product around Orlando, Florida.
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Orlando Office Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.23%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93