facebook
Traded Co logo
Submit

Unknown LLC Acquires Orlando Property At 2101 Park Center Dr For $32.5M With Seller's Rep Chip Wooten

Property Image
SOLD
$32,500,000

Florida

See Similar Deals
Office182,753 SF
Sold 04/26/2016
the dealplayerscompscontact
Property Image
SOLD

Unknown LLC Acquires Orlando Property At 2101 Park Center Dr For $32.5M With Seller's Rep Chip Wooten

2101 Park Center Dr, Orlando, FL, 328...

See Similar Deals
Office182,753 SF
Sold 04/26/2016
Contact now

Summary

FLORIDA
Asset Type:Office
Price Per Square Foot:$177
Total Square Footage:182,753 SF
Transaction Type:Sale

The transaction involved a two-building office portfolio located at 2101 Park Center Drive in Orlando, FL, sold for $32,500,000. The total square footage of the property is 182,753. The portfolio includes Windsor at Metrocenter and Berkshire at Metrocenter, both providing access to the downtown area and the Florida Turnpike. The Class A office buildings were 89 percent leased at the time of the sale to a total of 11 tenants.

Summary of transaction details:

  • Property Type: Office Portfolio
  • Transaction Amount: $32,500,000
  • Square Footage: 182,753
  • Address: 2101 Park Center Dr, Orlando, FL, 328...
  • Market: Orlando
  • Seller's Representative: Chip Wooten, CBRE
  • Buyer: Unknown LLC
  • Leased Percentage: 89%
  • Number of Tenants: 11

CBRE represented the undisclosed seller in this transaction, with Chip Wooten and Ron Rogg involved in the negotiations. The buyer was identified as Metrocenter Office LLC, a locally based limited liability company. Both properties contribute to the overall commercial property market in Orlando.

Players

Ronald (Ron) Rogg
14 deals$524.7M volume
BROKER

Chip Wooten
CBRE
5 deals$307.4M volume
BROKER

BUYER

Details

SOLD
IMAGE: 2101 Park Center Dr, Orlando, FL, 328... MARKET: Orlando SELLER'S REP: Chip Wooten(CBRE) BUYER: Unknown LLC SELLER: PRICE: $32,500,000.00 SF: 182753

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,733,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$115,465.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$154,066.58
Annual Debt Service$1,848,798.97