NNN INVESTMENT SALE OFFICE SALE- LEASBACK LUXURY OFFICE SUITES UNITS 1550 & ,480 ± SF

Transcription

1 NNN INVESTMENT SALE OFFICE SALE- LEASBACK LUXURY OFFICE SUITES UNITS 1550 & ,480 ± SF

2 PROPERTY FEATURES Jordan Companies will sell the two luxury office condo units, 1550 and 1570, and lease them back for three years, with four (4) renewal options of two years each. The sale-leaseback will offer an investor the opportunity to acquire two fully built-out office condos that have been customized and built-out with high-end finishes, amazing views of downtown in The Plaza towers centrally located in downtown Orlando. The offering provides for a triple-net lease, NNN, a passive investment opportunity, whereby the tenant will pay the investor monthly rent, and also pay directly, taxes, insurance, association dues and any maintenance required during occupancy over the lease term and any renewals. With annual rent increases, the investment offers a hedge against inflation, while affording the investor the opportunity to take advantage of the new tax laws and quickly depreciate the improvements. Lease Commencement COE Lease Expiration 3 years after COE Lease Renewals Four, 2 year renewal options Initial Rent $16/SF NNN Rent Escalation 3% annual Rentable Area 6,480 SF Year 1 NOI $103, Cap Rate 8.00% Asking Price $1,296,000 Price/SF $200.00

3 ABOUT Jordan Company is a fully integrated general contracting, construction management and civil engineering company specializing in the design and construction of Community Centers, Streetscapes, Parks, and Commercial Developments. Jordan is a professional, well managed, financially stable company that is interested in building relationships with quality companies in the central Florida market. Our family owned and operated companies were established in 2002 to respond to an increasing demand for honest, experienced, and responsible consultants, construction managers, and contractors in the Central Florida area. Jordan has performed construction management, construction engineering inspection, and general contracting services for some of the area s signature real estate development and construction projects including Baldwin Park, Celebration, and Flamingo Crossings. Our team has construction and project management experience in many areas including infrastructure, streetscape improvements, pedestrian bridges, themed area development, parks, pools, splash pads, and clubhouses. The Plaza South Tower is a 20-story office building in downtown Orlando, Florida. Completed in 2006, the building is part of a three building mixed-use complex known as The Plaza. The other buildings include the Solaire at the Plaza, which is residential condominiums, and The Plaza North Tower. The Plaza office spaces feature multiple conference rooms, private work or collaborative rooms, snack bars, server rooms, movie or game rooms, multiple back lit projection screens, balconies and large open area for work stations. Other amenities at the Plaza Complex include a movie theater, restaurants and an onsite parking garage. The Plaza Tower Complex is within walking distance of the City of Orlando government building, the Amway Center and the Dr. Phillips Center for the Performing Arts.

4 HIGHLIGHTS On-site Management On site, 24 Hour Security On-site Parking Garage Restaurant, Banking, and 12 Screen Movie Theatre Main and Main Location, Heart of Downtown Orlando On-site Convenience Store

5 FLOOR PLAN H9 A3.1 2' " " 10' " 10' " A3.2 H10 K2 G3.1 TYP. A1 A3.1 H10 15'-8" A3.2 A5 5 1' " 3'-5" 13'-1" 15'-0" 14'-7" K2 G3.1 12'-10" 30'-8" 5 9'-0" D10 A3.1 D1 3'-0" 3'-4" 5 H6 A3.2 D10 D1 A5 A3.1 A10 D6 A3.2 A1

6 MARKET AERIAL The Amway Center 11 Five minute walk from the Church Street Sunrail Station 10 The Orlando City Stadium 9 The Dr. Phillips Center for the Performing Arts The Camping World Stadium Church Street and Orange Avenue Main & Main Location Dr. Phillips Center for the Performing Arts Orlando City Hall and CNL Center Lincoln Plaza 4 SunTrust Center 5 Grand Bohemian Hotel

7 The Citrus Center 11 Capital Plaza 7 55 West 12 Capital Plaza- Tower II 8 20 N Orange 13 The Waverly on Lake Eola 9 Regions Bank 14 The Paramount on Lake Eola N Magnolia

8 IN THE HEART OF DOWNTOWN Spend less time getting there 4 SunRail stations in DTO 25 Minutes from the Orlando International Airport (MCO) 9.7 Miles of LYMMO rapid transit circulating throughout DTO 6 Car share locations Trade miles per hour for moments per hour 8 Pedal-powered swan boats 901 Miles of sidewalk 23 Bike share pick up locations Walk Bike share LYMMO LYNX SunRail Car share Smart parking Pedicabs Swan boats Mobility fluidity intersects here 265 Miles of bike lanes Orlando s Amazon HQ2 Proposal, Lauren Martinez blog/orlando-amazon-hq2-proposal June 28, 2018.

9 DEMOGRAPHICS DEMOGRAPHICS 1 MILE 3 MILES 5 MILES 2018 Population 19,113 97, , Population (Projected) 21, , , Total Households 10,517 45, , Total Households (Projected) 12,179 50, , Average HH Income $77,231 $77,334 $70, Average HH Income (Projected) $96,113 $92,872 $84, Median Age

10 FOR MORE INFORMATION: PJ BEHR VICE PRESIDENT, CCIM