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520 S Magnolia Marketing Brochure - JLL Property S Magnolia... · 520 S Magnolia Ave is an...
Transcript of 520 S Magnolia Marketing Brochure - JLL Property S Magnolia... · 520 S Magnolia Ave is an...
520 S Magnolia520 S Magnolia Ave | Orlando, FL | 32801
FOR SALE OR LEASE EXCELLENT OWNER/USER OPPORTUNITY
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Lodging1 The Courtyard at Lake Lucerne2 Aloft Orlando Downtown3 Grand Bohemian Hotel4 Embassy Suites Orlando
Banks
A CNL Bank
B Chase Bank
C SunTrust Bank
D PNC Bank
E Regions Bank
F Bank of America
G Fifth Third Bank
H Wells Fargo Bank
Restaurants
1 Nature's Table Café
2 The Boheme Restaurant
3 Amura Japanese Restaurant
4 Cecviche Tapas Orlando
5 Kres Restaurant
6 310 Lakeside
7 Pita Pit
8 Subway
Grocery
A Publix
Entertainment
1 Dr Phillips Performing Arts Center
2 Amway Center
Current Availabilities
Partial 1st Floor 4,922 RSF Available Immediately
Full 2nd Floor 16,200 RSF Available Immediately
Property Highlights & Overview520 S Magnolia Ave is an approximately 35,000 square foot, Class B, office building situatedin the heart of downtown Orlando, Florida. 520 S Magnolia is just one block east of Orange Avewith easy access to Interstate 4 (I-4) and SR408.
520 S Magnolia Ave is surrounded by a great mix of restaurants, shopping areas, desirableneighborhoods, and top rated schools. This property has ample parking for all tenants at 1.20spaces per 1,000 square feet (38 surface spaces), as well as ample street and visitor parking.Short and long-term parking solutions are available to building occupants with surface parkingon the adjacent CNL III development site, bringing the total parking ratio up to 5.00 spaces per1,000 square feet. CNL III parking garage is planned to be directly adjacent to 520 S MagnoliaAve.
Features Owner/User building available for sale or lease 3-story office building located in downtown Orlando Covered parking available on-site Close proximity to Interstate 4 (I-4) and SR 408 One block from downtown SunRail stop and Church Street Directly across the street from the Dr. Phillips Performing Arts
Center, adjacent to CNL III, and within walking distance of theAmway Arena
High visibility signage exposure to multiple thoroughfares
Owner/User Market Interest RatesWhen occupying 51% or more of the building, market interest ratesfor Owner/Users are as follows:
80% Loan-to-Value Ratio
5-year fixed rate – 4.25% 10-year fixed rate – 4.75% 15-year fixed rate – 4.99%
Acquisition Scenario – 520 S Magnolia Ave (34,010 SF)Total Leased SF 15,003Gross Income ($20.00/SF) $300,060Less Expenses ($6.00/SF) -$90,018Current NOI $210,042
Value with 7.5% Cap Rate $2,800,560
Owner/User Purchase Price: $170/SF $5,782,720
Owner/User Rent on 21,122 SF ($21.00/SF) $443,562Less Expenses ($6.00/SF) -$126,732Owner/User NOI $316,830
Total New NOI $526,872Value with 7.5% Cap Rate $7,024,960
Immediate Return on Investment $1,242,240
250 S Orange Ave, Suite 700 P • Orlando, FL 32801 • www.US.jll.com/orlando
Darryl HoffmanVice President+1 407 982 [email protected]
Although information has been obtained from sources deemed reliable, Owner, Jones Lang LaSalle, and/or their representatives, brokers or agents make no guarantees as to the accuracy of the information contained herein, and offer the Property without express or implied warranties of any kind. The Property may be withdrawn without notice. If the recipient of this information has signed a confidentiality agreement regarding this matter, this information is subject to the terms of that agreement. ©2015. Jones Lang LaSalle. All rights reserved.