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

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.

Players

BS

Black SalmonBuyer

Orlando Office Market Snapshot

Boundary boundary · Office · Sale transactions

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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