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
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