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Graham Goldsmith Of Cross Ocean Partners Acquires Office Portfolio In Orlando For $96 Million
SOLD
Florida
See Similar DealsOffice722,456 SF
Sold 01/13/2026
Summary
Asset Type:Office
Price Per Square Foot:$132
Total Square Footage:722,456 SF
Transaction Type:Sale
Cross Ocean Partners and CP Group acquired an eight-building office portfolio in Orlando metro for $96 million. The office property encompasses 722,456 square feet and is currently 93% leased. The portfolio includes Class A and flex/office assets located in Downtown Orlando, Lake Mary, and the Research Park area.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $96,000,000
- Square Footage: 722,456
- Price Per Square Foot: $133
- Buyer: Graham Goldsmith - Cross Ocean Partners; CP Group
- Seller: City Office REIT
- Brokers: Robbie McEwan & Matt McCormack - JLL
JLL’s Robbie McEwan and Matt McCormack represented City Office REIT in this transaction. Following the acquisition, CP Group plans to retain JLL to manage leasing activities across the portfolio.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$5,119,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$341,067.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$455,088.98
Annual Debt Service$5,461,067.72
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