TerraCap Management LLC Acquires Orlando Office Property For $24M
SOLD
$24,000,000
Florida
See Similar DealsOffice196,000 SF
Sold 10/21/2020
SOLD
TerraCap Management LLC Acquires Orlando Office Property For $24M
5730 South Semoran Boulevard, Orlando, FL, USA
See Similar DealsOffice196,000 SF
Sold 10/21/2020
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$122
Total Square Footage:196,000 SF
Transaction Type:Sale
TerraCap Management LLC has recently completed the purchase of an office property located at 5730 - 5892 S. Semoran Blvd. in Orlando. The transaction, which took place on October 21, 2020, involved a total area of 196,000 square feet. The property was sold for a price of $24,000,000, resulting in a price per square foot of $122.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $24,000,000
- Address: 5730 - 5892 S. Semoran Blvd.
- Market: Orlando
- Square Footage: 196,000
Ron Rogg from CBRE represented TerraCap Management LLC as the broker for this deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,279,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$85,266.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$113,772.24
Annual Debt Service$1,365,266.93
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