$15.6 Million Non-Performing Orlando Office Loan
US - Orlando, FL
¥2,330,515,000 | 13,111 sm
Asset description
Jones Lang Lasalle Americas, Inc. (“JLL”) is pleased to exclusively offer the opportunity to acquire The Alhambra (the “Offering” or the “Property”), a two-building, 326,355 square foot Class A office complex in the heart of the “City Beautiful”, Coral Gables, Florida. The Offering consists of Alhambra Plaza, a 14-story tower with 232,039 rentable square feet, and Alhambra West, a 7-story tower with 94,316 rentable square feet. Alhambra Plaza and Alhambra West are LEED Gold Certified and Energy Star Rated office towers connected to a four star Hyatt Regency Hotel (not included in this Offering) and share 4-story structured parking garage. The ownership of Alhambra Plaza is structured as a condominium with three units including the Alhambra Plaza, Alhambra West, and the Hyatt Regency.
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Attributes
Building area Net
30,319 sm
Occupancy
85.00%
Year built
2000
NOI
¥1,260,245,000
Media
Investment highlights
- Institutional Quality Asset with Synergistic On-Site Amenities
- Rare Critical Mass in a Core Location
- Diversified, Stable Tenancy - No Single Tenant Represents More than 8% of RSF
- Well-Balanced Rollover Schedule
- Significant Recent Capital Investment
- Proximity to Miracle Mile and Giralda Avenue – Walk Score of 96
- Easy Accessibility & Affluent Demographics
- Offered at a Discount to Replacement Cost
- Unencumbered by Existing Debt
Contact brokers
The Alhambra - 2021 (0 Properties)
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Last updated
Nov 30, 2022
