Black Salmon Acquires Office Building In Orlando For $67.8M
SOLD
$67,800,000
Florida
See Similar DealsOffice245,201 SF
Sold 12/19/2019
SOLD
Black Salmon Acquires Office Building In Orlando For $67.8M
111 N Orange Ave, Orlando, FL 32801, USA
See Similar DealsOffice245,201 SF
Sold 12/19/2019
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$276
Total Square Footage:245,201 SF
Transaction Type:Sale
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.
Players
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$3,616,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$240,879.07
Cash-on-Cash Return-1.27%
Monthly Debt Service$321,406.59
Annual Debt Service$3,856,879.08
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