Costco Wholesale Corp. Acquires Office Building In Orlando For $16M
SOLD
$16,000,000
Florida
See Similar DealsOffice70,000 SF
Sold 05/04/2021
SOLD
Costco Wholesale Corp. Acquires Office Building In Orlando For $16M
8301 Southpark Circle, Orlando, FL, USA
See Similar DealsOffice70,000 SF
Sold 05/04/2021
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$228
Total Square Footage:70,000 SF
Transaction Type:Sale
The office property located at 8301 Southpark Circle in Orlando has been sold in a transaction. The property spans an area of 70,000 square feet, with a sale price of $16,000,000. This translates to a price per square foot of $229.
Summary of transation details
- Property Type: Office
- Transaction Amount: $16,000,000
- Address: 8301 Southpark Circle
- Market: Orlando
The buyer of the property is Costco Wholesale Corp., while the seller is Pacer Partners represented by Jon Bourbeau and Lior Zamir. They facilitated the sale of the office asset.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$853,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$56,844.63
Cash-on-Cash Return-1.27%
Monthly Debt Service$75,848.16
Annual Debt Service$910,177.95
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