Banyan Street Capital Acquires Office Property In Orlando For $63M
SOLD
$63,000,000
Florida
See Similar DealsOffice279,780 SF
Sold 05/10/2020
SOLD
Banyan Street Capital Acquires Office Property In Orlando For $63M
20 N Orange Ave, Orlando, FL, USA
See Similar DealsOffice279,780 SF
Sold 05/10/2020
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$3,360,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$223,825.69
Cash-on-Cash Return-1.27%
Monthly Debt Service$298,652.14
Annual Debt Service$3,583,825.69
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