PPF Real Estate Acquires Office In Orlando For $315M From Seller AEW Capital Management
8427 Southpark Circle, Orlando, FL 32819, USA
$315,000,000
$252/SF
Building Size
1,250,000 SF
Asset Type
Office
Closing
Dec 6, 2021
AI
Located in Orlando, the office property at 8427 SouthPark Circle has been sold in a closed transaction. The property spans across 162 acres and is part of the local real estate market.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $315,000,000
- Square Footage: 1,250,000
- Price per Square Foot: $252
- Address: 8427 SouthPark Circle
- Market: Orlando
The buyer, PPF Real Estate, represented by Aaron Smith, has acquired the property from the seller, AEW Capital Management LP, in this transaction. Cushman & Wakefield played a prominent role as the brokerage team, with agents Mike Davis, Rick Colon, Dominic Montazemi, Zach Eicholtz, Brooke Tulley, and Ryan Jenkins facilitating the deal. Additionally, Cushman & Wakefield's mortgage brokers, Brian Linnihan, Jason Hochman, Mike Ryan, and Ron Granite, were involved in securing the necessary financing for the transaction.
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
0.05%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93