TerraCap Management LLC Acquires Orlando Office Property For $24M
5730 South Semoran Boulevard, Orlando, FL, USA
$24,000,000
$122/SF
Building Size
196,000 SF
Asset Type
Office
Closing
Oct 20, 2020
AI
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.
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
0.66%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93