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
About this deal
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.
The office sale at 20 N Orange Ave, Orlando, FL, USA in Orlando, Florida sold for $63M in 2020. The building is 279,780 square feet, implying about 225 per square foot on the published price. Named participants on the 20 N Orange Ave, Orlando, FL, USA sale are Rudy Prio Touzet. This page is the Orlando, Florida file for the 20 N Orange Ave, Orlando, FL, USA office sold: pricing, party profiles, and other closed office comps from the same Orlando sit in the Market section below. Filter that Orlando office set by closing date to see what else sold near 20 N Orange Ave, Orlando, FL, USA around 2020. Published consideration for 20 N Orange Ave, Orlando, FL, USA is $63M, dated 2020. Cite this Banyan Street Capital Acquires Office Property In Orlando For $63M sale when underwriting similar office product around Orlando, Florida.
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