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8427 Southpark Circle, Orla...

PPF Real Estate Acquires Office In Orlando For $315M From Seller AEW Capital Management
SOLDOffice

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

Dominic Montazemi

Cushman & Wakefield

Broker

$4.2B

vol

90 deals

Broker
Newmark
NewmarkBrokerage

Aaron Smith

Buyer

$327M

vol

2 deals

Buyer
AEW Capital Management
AEW Capital ManagementSeller

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