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Banyan Street Capital Acquires Office Property In Orlando For $63M

Property Image
SOLD
$63,000,000

Florida

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Office279,780 SF
Sold 05/10/2020
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Property Image
SOLD

Banyan Street Capital Acquires Office Property In Orlando For $63M

20 N Orange Ave, Orlando, FL, USA

See Similar Deals
Office279,780 SF
Sold 05/10/2020
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Summary

FLORIDA
Asset Type:Office
Price Per Square Foot:$225
Total Square Footage:279,780 SF
Transaction Type:Sale

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

Rudy Prio Touzet
7 deals$203.8M volume
BUYER

SELLER

Details

SOLD
IMAGE: James Haluszczak & Rudy Prio Touzet DATE: 05/10/2021 ADDRESS: 20 North Orange Ave MARKET: Orlando ASSET TYPE: Office BUYER: Banyan Street Capital - Rudy Prio Touzet SELLER: Steelbridge - James Haluszczak BROKER: Cushman & Wakefield SALE PRICE: $63,000,000 SF: 279,780 ~ PPSF: $225

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$223,825.69
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