Banyan Street Capital Acquires Office Property In Orlando For $63M
20 N Orange Ave, Orlando, FL, USA
$63,000,000
$225/SF
Building Size
279,780 SF
Asset Type
Office
Closing
May 10, 2020
AI
A 279,780 square foot office property located at 20 North Orange Ave in Orlando has been sold for a price of $63,000,000. The sale was completed on 05/10/2021.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $63,000,000
- Address: 20 North Orange Ave
- Market: Orlando
The buyer of the property was Banyan Street Capital, represented by Rudy Prio Touzet. The seller was Steelbridge, represented by James Haluszczak. The transaction was facilitated by Cushman & Wakefield.
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
0.25%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93