Zaragon Inc. Acquires Orlando Office Building For $19M
3500 Quadrangle Boulevard, Orlando, FL, USA
$19,000,000
$231/SF
Building Size
82,086 SF
Asset Type
Office
Closing
Nov 30, 2020
AI
Zaragon Inc. has recently purchased an office property in Orlando for $19,000,000. The property is located at 3500 & 3626 Quadrangle Boulevard and spans 82,086 square feet. The sale price equates to approximately $231 per square foot.
Summary of Transaction Details:
- Property Type: Office
- Transaction Amount: $19,000,000
- Date: 12/01/2020
- Seller: Owen Realty Capital - Robert Owens
- Buyer: Zaragon Inc.
- Broker: JLL
- Market: Orlando
The sale was facilitated by JLL, representing both the buyer and the seller in the transaction. This acquisition highlights Zaragon Inc.'s investment in the Orlando office market and showcases the expertise of JLL in facilitating such deals.
Players
Orlando Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.83%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93