Denholtz Properties Acquires 106,068 SF Office In Celebration For $17.8M
1120 Celebration Blvd, Celebration, FL, USA
$17,800,000
$167/SF
Building Size
106,068 SF
Asset Type
Office
Closing
Oct 27, 2021
About this deal
AI
The office property located at 1120 & 1130 Celebration Blvd in Celebration has been sold. The property spans 9.12 acres and is situated in the Celebration market.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $17,800,000
- Square Footage: 106,068
- Price per Square Foot: $168
- Address: 1120 & 1130 Celebration Blvd
- Market: Celebration
The buyer of the property is Denholtz Properties, while the seller is Bridge Commercial Real Estate. The broker involved in the deal is Robbie McEwan from JLL.
Players
Kissimmee 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
0.89%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93