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David Harari Of Bloom Ventures Acquires Office Building In Orlando For $15 Million
SOLD
Florida
See Similar DealsOffice82,260 SF
Sold 09/11/2024
SOLD
David Harari Of Bloom Ventures Acquires Office Building In Orlando For $15 Million
65 Keller Road
See Similar DealsOffice82,260 SF
Sold 09/11/2024
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$182
Total Square Footage:82,260 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$799,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$53,291.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$71,107.65
Annual Debt Service$853,291.83
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