Demetree Global Purchases Office Property At 4798 New Broad Street For $11.3 Million
4798 New Broad Street
$11,300,000
$254/SF
Building Size
44,478 SF
Asset Type
Office
Closing
Apr 4, 2025
About this deal
AI
4798 New Broad Street, located in the Orlando market, is an office asset encompassing 44,478 square feet. The property was sold for $11,300,000, resulting in a price per square foot of $254.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $11,300,000
- Buyer: Mary Demetree and Seth Heller
- Buyer Company: Demetree Global
- Seller: Robert Owens & Palmer Vietor
- Seller Company: Owens Realty Services
- Sale Date: April 4, 2025
- Previous Acquisition Price: $8,500,000
- Previous Acquisition Date: November 2016
Mary Demetree and Seth Heller represented Demetree Global in the purchase, while Robert Owens and Palmer Vietor, representing Owens Realty Services, completed the sale of the asset.
On the Map
$11,300,000
$254/SF
Office
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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
1.40%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93