Post on 13-Jun-2020
FOR SALE
Michael L. Johns, MBA | Principal | Designated BrokerSingle-Tenant Net Lease Advisor | Investment PropertiesOne Urban Centre at Westshore | Tampa, FL 33609 | 813.624.1500 | 480.797.6922National CRE Brokerage | IRC 1031 Exchanges | NNN Advisory Services
350 University CtLongwood, FL 32750(Orlando MSA) Seminole County Ind Submarket
PRICING: $3,050,000 CAP RATE: 7.37%
PROPERTY DETAILS
BUILDINGType:
Subtype:
Tenancy:
Year Built:
RBA:
Floors:
Construction:
Class C Industrial
Warehouse
Single
2003
32,610 SF
1
Metal
Annual Rent:
Increase:
Lease:
Lease Expires:
Option Terms:
$225,024
2% annual including options yrs.
20 yrs., start 7/1/2008
June 30, 2028 NNN
4 terms of 5 yr.
LAND
Land Area:
Zoning:
Parking:
1.885 AC
M-1
34 Surface Spaces
20-30-29-519-0000-0020
PARCEL
1 tot./10’x x 12’h
DRIVE INS
Pods
KEY TENANTTENANT FINANCIAL INFORMATION
Representative Photo
EXECUTIVE SUMMARYGSA Realty Advisors, as exclusive advisor, is pleased to present the exceptional opportunity to acquire PODS, (the “Property” or the “Offering”) a rare industrial net leased asset strategically located in the Seminole Industrial submarket of Longwood, FL (Orlando MSA). The Offering is comprised of an 32,610 square foot Industrial warehouse building leased to PODS, Inc. on a long-term lease basis
with 9.0 years frim + 4x5 year options.
INVESTMENT HIGHLIGHTSRare Industrial STNL building with 2% annual increases
Strategic Warehouse location
National Brand with growing U.S. footprint
9.0 years firm lease term.
Rapid Growth Parameters within (Orlando MSA)
www.PODS.com
TENANT OVERVIEWPODS was founded in Clearwater, FL in 1998 by Peter Warhurst who was looking to expand his family’s storage
business. He invented the PODS, as well as a hydraulic lift system that enables operators to easily deliver and
transport the units, which is named PODZILLA. In 2005, PODS grossed over $200 million in revenue. In addition,
as of 2005, PODS was still privately owned, however, PODS is now franchised in 45 states, and logs 2,500
pickups and deliveries a day. Between 2005 and August 2009, PODS service expanded to include 48 states,
as well as Australia and Canada.
In February 2007, PODS was acquired by Atlanta-based Arcapita, a $1.6 Billion company, for $451.4 million. In
June 2008, PODS and the Real Estate Staging Association reached an agreement to form a strategic
partnership. In September 2008, PODS and Mobility Services International (MSI) announced a partnership
where PODS would be providing services for MSI client transferees and assignees. In December 2008, PODS
and Wabash National announced the have signed a multi-year agreement to build and service all of PODS’
portable storage container requirements. In August 2009, PODS and UniGroup reached an agreement to
share services. Under the agreement, PODS will have access to the packing and loading services of United
Van Lines and Mayflower Transit, while UniGroup can access 138,000 PODS moving and storage containers. In
November 2009, 1-800-GOT-JUNK? and PODS formed a strategic alliance offering discounts and special
services. In June 2010, PODS announced the sale of the first franchise in the United Kingdom. In October 2010,
PODS announced their continued expansion into Canada with the sale of the Halifax Territory.
Headquarters Clearwater, Florida , U.S.
DEMOGRAPHIC SUMMARYThe City of Longwood is located in Central Florida’s Seminole County, just north of Orlando. Incorporated and
Unincorporated Longwood, which is comprised of zip codes 32750 and 32779, has a population of 56,457 and an
average household income of $66,120. Incorporated Longwood is a city of approximately 14,000 people and 5.6
square miles and is conveniently located on Interstate 4 and State Road 434. Great schools, the ease of commuting to
Orlando, the selection of real estate and a rich history has made this award winning City the choice of business and
residents, alike.
Top Business EmployerThe City of Longwood has a strong business core which accounts for its daytime population of over 21,000. Some of
the top employers include South Seminole Hospital, a part the Orlando Health system, UPS, FedEx, Collis Roofing,
Comprehensive Energy Services and Pemberton. A number of business and industrial parks, including the Florida
Central Commerce Park, are home to numerous companies including award winning business incubators.
The City, pursuant to its Charter,
follows a "Commission-Manager"
form of government. Residents are
served by five (5) non-partisan
elected officials who are the
policy-making body of the City. The
City Manager is the Chief Executive
Officer of the City and is
responsible for the administration
and daily business operations of
the City.
In 2014 the City received recognition from WJXT Channel 4,
an independent television station in Jacksonville, as 1 of the 4
safest places to raise a family in Florida. Most recently
Bestplaces.net named Longwood as one of the top 10 best
places to live in Florida, the 2015 Niche Rankings has
Longwood as the 9th best suburb in Florida to raise a family
and Nerdwallet ranked Longwood as the "7th Best Florida City
to Start a Business". Most recently, Neighborhood Scout
ranked Longwood as the second best city in the state of
Florida for families with children.
Award Winning City
2018 Summary
Population
Households
Families
Average Household Size
Owner Occupied Housing Units
Renter Occupied Housing Units
Median Age
Median Household Income
Average Household Income
1 Mile
5,804
2,137
1,624
2.72
1,692
445
40.2
$70,414
$81,014
3 Miles
63,633
25,027
16,917
2.52
15,445
9,582
40.9
$60,177
$80,268
5 Miles
176,952
70,560
46,396
2.48
42,565
27,995
40.6
$59,253
$84,083
2023 Summary
Population
Households
Families
Average Household Size
Owner Occupied Housing Units
Renter Occupied Housing Units
Median Age
Median Household Income
Average Household Income
1 Mile
6,172
2,269
1,722
2.72
1,826
443
39.7
$77,289
$92,264
3 Miles
68,020
26,777
18,017
2.52
16,836
9,942
41.1
$67,858
$92,640
5 Miles
189,415
75,473
49,422
2.49
46,679
28,793
41.0
$66,780
$97,072
DEMOGRAPHICS
1 Mile
352Total Businesses
3,061Total Employees
KEY FACTS
BUSINESS
INCOME
$29,092Per Capital Income
$182,045Median Net Worth
$70,414Median Household
Income
$70,414Median Household
IncomeAverageHousehold Size
5,804
Median Age
40.2
3.1
3 Miles
5 Miles
2017 ORLANDO THEME PARK ATTENDANCE
LEISURE SERVICESThe City of Longwood Leisure Services Department provides recreational activities, special events, leagues,
camps and 9 parks that enhance the quality of life of the residents of Longwood. The Department
comprises 3 divisions: Parks Services, Recreation Programs and the Longwood Community.
EFFICIENT TRANSPORTATION & THE HISTORIC DISTRICTThe City is also the site to 1 of the 13 stations along the 61-mile SunRail commuter rail line which provides
regional transit from DeBary to Sand Lake Road in Orlando. In addition to its location at the intersection of 2
major roads, the SunRail station is located within the City’s Heritage Village TOD District and is in walking
distance of the City's nationally recognized Historic District which includes the City Hall complex, Reiter Park,
and the Health Core where South Seminole Hospital is located.
SCHOOL SYSTEMThe Seminole County School System plays an important role in drawing the population and a higher household
income into the greater Longwood area. The Seminole Schools rank 5th out of 68 districts in the state and first in
the greater Orlando area. Longwood's Lyman High School, ranked in the top 1.9% of all high schools nationally, is
recognized as the best in the state for technical and pre-engineering curriculum. See Seminole School
DistrictOpens a New Window.
Entertainment
Outdoor recreation
Strong job growth
Diverse resort city - East-central Florida, about 25 miles from the Atlantic Coast