FoxRock Properties Acquires Office Building In Orlando For $10.5M
2 South Orange Avenue, Orlando, FL, USA
$10,500,000
$221/SF
Building Size
47,490 SF
Asset Type
Office
Closing
Nov 29, 2021
About this deal
AI
The office property located at 2 South Orange Ave in Orlando has been sold for $10,500,000. The transaction took place on November 29, 2021, and the property spans over a total area of 47,490 square feet. The price per square foot for this sale is $221.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $10,500,000
- SF: 47,490
- PPSF: $221
- Address: 2 South Orange Ave, Orlando
The buyer in this transaction is FoxRock Properties, represented by Mark Carroll. On the other hand, MCO 2 South Orange LLC, represented by Kurt Von Besser, acted as the seller.
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
1.51%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93