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65 Keller Road

David Harari Of Bloom Ventures Acquires Office Building In Orlando For $15 Million
SOLDOffice

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.

Players

Ronald Rogg

CBRE

Broker

$524.7M

vol

14 deals

Broker

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

1.06%

Cash-on-Cash

-0.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93