Hampshire Stateside Acquires Office Property From Real Capital Solutions In Orlando
11842 Corporate BLVD, Orlando, FL, 3...
Building Size
226,548 SF
Asset Type
Office
Closing
Nov 22, 2023
AI
The 226,548-square-foot office building located at 11842 Corporate Blvd in Orlando has been acquired by Arbah Capital and Hampshire Stateside. The property, built in 2003, features open floor plates, full kitchen, multiple breakrooms, conference and training rooms, lake views, and access to hotels, restaurants, retail, and housing. Currently fully leased, the building offers a range of amenities for its tenants.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Buyer: Hampshire Stateside
- Buyer's Representatives: Mike Davis, Rick Brugge, Rick Colon, Zach Eichholtz of Cushman & Wakefield
- Seller: Real Capital Solutions
- Brokers: Jason Hochman and Ron Granite of Cushman & Wakefield
Cushman & Wakefield represented the buyer, while CBRE represented the seller in this transaction. The acquisition financing of $35.1 million was secured through a regional bank by Jason Hochman and Ron Granite. The deal involved a partnership between Arbah Capital and Hampshire Stateside, showcasing a collaborative effort in the acquisition of this prime office property.
Players
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93