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
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