HIDDEN GEM Future Westwood Boulevard Extension Orlando, FL 32821

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1 Proposed I- interchange Westwood Boulevard Extension SITE I- interchange is just 1.5 miles from intersection of International Drive and Westwood Boulevard. Future Westwood Boulevard Extension Orlando, FL 32821

2 N O N - E N D O R S E M E N T A N D D I S C L A I M E R N O T I C E Non-Endorsements Marcus & Millichap Real Estate Investment Services of Florida, Inc. ("Marcus & Millichap") is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation's logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers. ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS. Disclaimer THIS IS A BROKER PRICE OPINION OR COMPARATIVE MARKET ANALYSIS OF VALUE AND SHOULD NOT BE CONSIDERED AN APPRAISAL. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. Â 2017 Marcus & Millichap. All rights reserved. Orlando, FL ACT ID Y031089

3 DCP Ext. DCP Ext. SUMMARY Price $5,13,280 Lot Size (AC) 1.71 Price/Acre $368,000 Price/SF $8.5 AERIAL PHOTO 3

4 PROPERTY OVERVIEW Property Highlights: Offered for sale is 1.71-acre parcel Central to all major theme parks and attractions Located less than three miles from Walt Disney World, Magic Kingdom, Epcot, Animal Kingdom, ESPN and Disney Springs Sheraton Vistana Villages border subject site on the north, east and west Westwood Boulevard extension right-of-way dedication is currently in progress New proposed Interstate- interchange at Daryl Carter Parkway Direct access to International Drive from subject site via future Daryl Carter Parkway Extension (DCP Ext.) and future Westwood Boulevard Extension Road improvements are part of the Long Range Transportation Plan to provide increased future access to International Drive; the major tourist corridor in Orlando Future Land Use Designation: Activity Center Mixed-Use Allows for hotel, commercial, residential, mixed-use Zoning is R-CE, rural country estate ACMU land use designation is located ONLY in the International Drive activity center Provides for a mixture of tourist-related and supportive residential development Parcel Number Acres Zoning FLU (Future Land Use) Activity Center Mixed-Use (ACMU) Max. Density Residential: 30 units per acre Hotel/Motel: 60 rooms/acre R-CE (Rural Country Estate) Total Allowable Units (Approx.) 1 882

5 Intern l D d AREA MAP Orlando Premium Outlets 1 c il 1 rkway Lake Eve Little Lake Bryan 2 3 MULTIFAMILY PROPERTY HIGHLIGHTS UNITS TIMESHARE RESORTS UNITS CONDO HOTELS UNITS HOTEL UNITS 1 Commons Chatham Square 8 3 Patterson Court 38 Cumberland Park 56 5 Discovery Palms Alta at Lake Eve 26 7 Mission Club TuscanyVillage 0 2 The Fountains Amelia Resort 166 Key West Resort Bella Florida 31 6 Worldmark Resort Condo Blue TreeResort Site (Possible MF) N/A 2 Floridays Lake Eve Monumental 9 2 Ramada Hilton Garden Inn 267 Residence Inn bymarriott Embassy Suites Extended Stay 12 7 Hampton Inn 17 8 Clarion Inn 60 9 Cypress Point 10 9 Courtyard by Marriot 308 5

6 6 LOCAL MAP CLOSE PROXIMITY TO: Proposed I- interchange Walt Disney World Properties Disney Springs SeaWorld Orlando & Aquatica Water Park Orange County Convention Center Universal Studios Orlando Orlando International Airport 2.3 miles 2.3 miles 2.7 miles.2 miles 8.0 miles 1.0 miles Westwood Boulevard Extension SITE I- interchange is just 1.5 miles from intersection of International Drive and Westwood Boulevard. 6

7 ORLANDO FACTS Orlando Is: Globally recognized for its tourism and leisure industry #1 tourist destination in the U.S. Host to 68 million visitors a year City that has $60 billion a year tourist industry #1 for job growth (.57%) across the nation s 100 largest metro areas Home to 5 of the world s top 10 theme parks A dynamic, diverse, rapidly-growing city showing strong activity in aerospace, technology, education, transportation and business UCF Downtown campus The UCF/Valencia campus is expected to anchor the $1 billion Creative Village mixed use project in downtown. The 18,000- square foot academic building is set for a summer 2019 completion, in time to open for the fall 2019 school year. 7

8 8 CLOSE PROXIMITY TO: MAJOR ORLANDO SHOPPING CENTERS MAP Vineland Pointe Orlando Vineland Premium Outlets Pointe Orlando Lake Buena Vista Factory Stores Disney Springs Florida Mall Orlando Premium Outlets The Mall at Millenia 1.0 mile 1.0 mile.5 miles.5 miles 5.8 miles 7.7 miles 8. miles 9.7 miles Shopping is: #1 most popular activity among Orlando s overseas visitors. #2 most popular activity among Orlando s domestic visitors. 8

9 SALES COMPARABLES MAP MIXED USE SITE NEAR ORLANDO PREMIUM OUTLETS (SUBJECT) 1 2 Palm Pky - Sand Lake Groves 8800 Meadow Creek Dr 3 5 International Crossings S. Apopka Vineland Road.16 Acres 1 Pkwy 5 3 SALES COMPARABLES ON MARKET COMPARABLES 9

10 PROPERTY NAME SALES COMPARABLES SALES COMPS AVG SALES COMPARABLES ON MARKET COMPARABLES Average Price Per Square Foot $15.00 $12.00 Avg. $10.02 $9.00 $6.00 $3.00 $0.00 Future Westwood Boulevard Extension Palm Parkway - Sand Lake Groves 8800 Meadow Creek Drive International Crossings S. Apopka Vineland Road.16 Acres Average Price Per Acre $500,000 $50,000 Avg. $36,386 $00,000 $350,000 $300,000 $250,000 $200,000 $150,000 $100,000 $50,000 $0 Future Westwood Boulevard Extension Palm Parkway - Sand Lake Groves 8800 Meadow Creek Drive International Crossings S. Apopka Vineland Road.16 Acres 10

11 PROPERTY NAME SALES MARKETING COMPARABLES TEAM SALES COMPARABLES ON MARKET COMPARABLES A! Future Westwood Boulevard Extension, Orlando, FL, PALM PARKWAY - SAND LAKE GROVES Palm Parkway, Orlando, FL, MEADOW CREEK DRIVE 8800 Meadow Creek Drive, Orlando, FL, rentpropertyname1 rentpropertyname1 rentpropertyname1 Asking Price $5,13,280 Down Payment $5,13,280 Down Payment % 100% Price/SF $8.5 Lot Size (Acres) 1.71 acre(s) Price/Acre $368,000 Close of Escrow 8/10/2015 Sales Price $15,000,000 Zoning P-D Price/SF $8.61 Lot Size (Acres) 0.00 Price/Acre $375,000 Close of Escrow 1/22/2016 Sales Price $23,000,000 Zoning P-D Price/SF $10.62 Lot Size (Acres) 9.70 Price/Acre $62,777 rentpropertyaddress1 rentpropertyaddress1 rentpropertyaddress1 NOTES Although approval has been granted for hotel and commercial (retail, office, and entertainment) development, there are pending plans of the widening of I- near the parcel. The widening of I- caused the land to sell for significantly less. Located just 6.5 miles from subject. NOTES The buyer is planning to build an 800-key hotel on the site. The resort, if built, could also include restaurants, arcades, spas, fitness rooms and other children activity centers. Located just 2.2 miles from subject. 11

12 PROPERTY NAME SALES MARKETING COMPARABLES TEAM SALES COMPARABLES ON MARKET COMPARABLES INTERNATIONAL CROSSINGS Future Westwood Boulevard Extension, Orlando, FL, S. APOPKA VINELAND ROAD S. Apopka Vineland Road, Orlando, FL, ACRES Daryl Carter Parkway, Orlando, FL, rentpropertyname1 On Market List Price $86,800,000 Zoning ACR & ACMU Price/Developable SF $8.03 Developable Lot Size (Acres) 28 Price/Acre $350,000 On Market List Price $50,000 Zoning Multifamily Price/SF $7.95 Lot Size (Acres) 1.30 Price/Acre $36,15 On Market List Price $2,695,680 Zoning Commercial Price/SF $1.88 Lot Size (Acres).16 Price/Acre $68,000 rentpropertyaddress1 NOTES Subject is 586 acres with 28 acres identified as developable and 338 acres identified as mitigation lands. NOTES Future Land Use Activity Center Residential (12-30 Dwelling Units per Acre). Surrounded by Planned Development of Hotels, Mixed Use Projects and Dense Residential. NOTES On Wildwood Avenue South of International Drive. 12

13 ORLANDO OVERVIEW The Orlando metro encompasses four counties: Osceola, Orange, Seminole and Lake, covering more than,000 square miles in central Florida. There are numerous lakes scattered across the region and the topography is generally flat with few impediments to development. A warm climate and a favorable tax structure help to attract employers and residents to the region. The metro is among the largest in Florida, with a population of more than 2 million residents, and is one of the nation s most popular tourist destinations. Orlando is the area s largest city, containing roughly 300,000 residents, followed by Kissimmee and Sanford, each with less than 100,000 residents. MARKET OVERVIEW POPULATION 1 Miles 3 Miles 5 Miles 2021 Projection Total Population 6,658 2, , Estimate Total Population 6,2 37, , Census Total Population 5,859 33, , Census Total Population 2,080 20,08 68,983 Daytime Population 2016 Estimate 6,12 39, ,177 DEMOGRAPHICS The metro is expected to add nearly 220,000 people through 2021 and during this period roughly 80,000 households will be formed. A median age below the U.S. median contributes to a homeownership rate of 62 percent, which is slightly below the national rate. The cohort of 20- to 3-year olds comprises 22 percent of the population, slightly above the U.S. level of 21 percent. MAJOR AREA EMPLOYERS HOUSEHOLDS 1 Miles 3 Miles 5 Miles 2021 Projection Total Households 2,208 1,582, Estimate Total Households 1,979 13,02 39,35 Average (Mean) Household Size Census Total Households 1,826 11,582 35, Census Total Households 1,063 8,580 25,710 Walt Disney World Co. Florida Hospital Publix Super Markets Inc. Universal Orlando Orlando Health Busch Entertainment Corp. Lockheed Martin Corp. Marriott International Darden Restaurants Inc. Starwood Hotels & Resorts 13

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