Costco Wholesale Corp. Acquires Office Building In Orlando For $16M
8301 Southpark Circle, Orlando, FL, USA
$16,000,000
$228/SF
Building Size
70,000 SF
Asset Type
Office
Closing
May 3, 2021
About this deal
AI
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
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
0.99%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93