Asana Partners Acquires Office Building In Winter Park, Orlando For $27.75M
811 South Orlando Avenue, Winter Park, Florida 32789, United States
$27,750,000
$231/SF
Building Size
120,000 SF
Asset Type
Office
Closing
Aug 18, 2022
About this deal
AI
The property involved in this closed transaction is an office located at 803-811 South Orlando Ave in Winter Park, Orlando. The property spans a total of 120,000 square feet and was sold for a price of $27,750,000, resulting in a price per square foot of $231.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $27,750,000
- Address: 803-811 South Orlando Ave
- Market: Winter Park, Orlando
The buyer in this transaction is Asana Partners, while the seller is Tower Realty Partners Inc. The deal was facilitated by the broker CBRE.
On the Map
$27,750,000
$231/SF
Office
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Players
Winter Park 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
0.57%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93