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6272 Lee Vista BLVD, Orland...

Mohr Capital Acquires Medical Office Building In Orlando From Wells Real Estate
SOLDOffice

Mohr Capital Acquires Medical Office Building In Orlando From Wells Real Estate

6272 Lee Vista BLVD, Orlando, FL, 32...

Building Size

78,449 SF

Asset Type

Office

Closing

Jan 12, 2021

AI

The property involved in the transaction is a 78,449-square-foot medical office building located at 6272 Lee Vista Blvd in Orlando, FL. The asset was sold by Wells Real Estate to Mohr Capital. The building, situated within the Lee Vista Business Park, was constructed in 2004 and is fully occupied by Accredo Health Group Inc., a subsidiary of Cigna Corp. The property includes medical and corporate office spaces, a pharmacy with clean rooms, and a distribution component.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not Provided
  • Buyer: Mohr Capital
  • Seller: Wells Real Estate
  • Square Footage: 78,449
  • Location: Orlando, FL

Rodrigo Godoi from Mohr Capital acted as the buyer's representative in the deal, while Ron Rogg from CBRE represented the seller, Wells Real Estate. This purchase marks Mohr Capital's entry into the Florida market and their acquisition of a strategically located medical office building with a long-term tenant already in place. Godoi's expertise was crucial in facilitating this transaction, adding to Mohr Capital's growing portfolio which includes a sizable office building in Dallas.

Players

Ronald Rogg

CBRE

Broker

$524.7M

vol

14 deals

Broker
Mohr Capital
Mohr CapitalBuyer

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93