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11842 Corporate BLVD, Orlan...

Hampshire Stateside Acquires Office Property From Real Capital Solutions In Orlando
SOLDOffice

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:

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

Mike Davis

Cushman & Wakefield

Broker

$3.6B

vol

65 deals

Broker
Real Capital Solutions (RCS)
Real Capital Solutions (RCS)Seller

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