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1170 Celebration Boulevard

TMT Properties Acquires Office Building From Real Estate Value Advisors For $31.5M
SOLDOffice

TMT Properties Acquires Office Building From Real Estate Value Advisors For $31.5M

1170 Celebration Boulevard

$31,500,000

$195/SF

Building Size

161,000 SF

Asset Type

Office

Closing

Mar 19, 2025

AI

The asset involved in the transaction is an office property located at 1170 Celebration Boulevard in the Celebration market. The property has a total square footage of 161,000 and was sold for a price of $31,500,000.00.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $31,500,000.00
  • Address: 1170 Celebration Boulevard
  • Market: Celebration
  • Square Footage: 161,000.0
  • Seller: Real Estate Value Advisors
  • Buyer: TMT Properties
  • Seller's Representatives: Robbie McEwan (JLL), Blake Koletic (JLL), Hunter Smith (JLL)

The transaction involved multiple representatives from JLL managing the sale for the seller, Real Estate Value Advisors. The representatives included Robbie McEwan, Blake Koletic, and Hunter Smith, ensuring a coordinated approach throughout the negotiation process.

Players

Robbie McEwan

JLL

Broker

$864.8M

vol

16 deals

Broker

Kissimmee 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

0.50%

Cash-on-Cash

-0.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93