David Harari Of Bloom Ventures Acquires Office Building In Orlando For $15 Million
65 Keller Road
$15,000,000
$182/SF
Building Size
82,260 SF
Asset Type
Office
Closing
Sep 11, 2024
AI
Bloom Ventures acquired a fully leased Class A office building located at 65 South Keller Road in Orlando for $15 million. The asset encompasses 82,260 square feet, with a price per square foot of $182. This sale marks Maitland’s largest office sale since May 2022.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $15,000,000
- Address: 65 South Keller Road
- Market: Orlando
- Square Footage: 82,260
- Price per Square Foot: $182
- Buyer: David Harari - Bloom Ventures
- Broker: Ronald Rogg - CBRE
- Mortgage Broker: Zac Brumbaugh - CBRE
Ronald J. Rogg of CBRE represented the seller in this transaction, while Zac Brumbaugh also of CBRE was instrumental in securing financing for the buyer, indicating a shift in investor interest towards high-quality suburban offices.
Orlando Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93