Local Market Report - LoopNet · 2017. 3. 17. · Growing City!” The latest demographics and...
Transcript of Local Market Report - LoopNet · 2017. 3. 17. · Growing City!” The latest demographics and...
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Local Market Report Orlando’s Luxury Residential Rental Developments Showcased for comparisons for Vacant Property Available at 1221 South Orange Avenue, Orlando
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Approved Planned Development-
Vacant Land Just waiting for a Name!!
The Lakefront Parcels (1.61 acres) located at 1221 South Orange
Avenue and 101 East Copeland Drive is an approved planned
development of 129 Residential Apartments with Retail on the first
floor. This planned development would fit perfectly into the
“Planned Use” of this established and sought after “South Downtown
Orlando Area!!”
As you will see in this “Mini Market Report,” we have compiled a
showcase of other Luxury Residential Apartment Homes, and those
being planned within the Metro Orlando Area all within a few miles
of this property per local sources.
Multi-family and Luxury Rentals are the future of this “Young and
Growing City!” The latest demographics and analysis’ point to
Central Florida and Metro Orlando as being the place to expand
with residential developments!
Orlando Regional Medical Center (ORMC) &
Winnie Palmer Hospital for Children
Directly Across From these parcels
Lake Copeland and the
neighborhood of Delaney Park
(established high end neighborhood)
Located steps away
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Metro Orlando
Demographics
Already with a population of more than 2
million, Metro Orlando is projected to be
among the nation's fastest-growing regions in
this decade. With over one third of its
population between the ages of 20 and 44,
and a median age of 36, Metro Orlando is a
young and vibrant community.
Metro Orlando is the 26th Largest
Metropolitan area in the United States and
boasts a Gross Domestic Product (GOP) of
more than $100 billion dollars.
Information researched with Metro Orlando Economic Development
Commission 2012. No guarantee of accuracy of data by CREP.
From High Tech Manufacturing and High-End Customer Support centers, to Corporate Headquarters and Agri-Centers, Metro Orlando’s industry mix includes companies of all shapes and sizes. Recognizing this region’s strategic advantages as a Hub for Global Commerce, more and more major employers as well as entrepreneurs are calling Metro Orlando home.
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Lofts at SoDo
Located just South of Downtown and
miles from ordinary life, the lofts at Sodo
feature all the amenities you've been
looking for. Choose from a variety of hip,
urban residences from one to three
bedrooms. Residents enjoy the resort-style
swimming pool, fitness center, cyber cafe
and outdoor lounge for relaxation.
Surrounding the Lofts at SoDo are Retail
and Restaurants on the ground level
consisting of a Stand Alone Super Target,
TJ Maxx , 24 Hour Fitness (Second Floor,)
Jason’s Deli, Flippers Pizzeria, Wine Bar,
Sushi Bar, Boutique Clothing Stores, and
other specialty shops.
Rental Rates as Follows:
1 bed/1 bath starting at $985+/- (659 sq ft) to $1225 (858 sq ft)
2 bed/2 bath starting at $1812+/- (1036 sq ft) to $1785 (1205 sq ft)
3 bed/2 bath starting at $2105+/- (1485 sq ft) to $1895 (1457 sq ft)
0.9 miles South of 1221 South Orange Ave (Subject Property)
http://www.loftsatsodo.com/
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Aspire
Each of Aspire’s beautiful apartment
homes offer breathtaking views of the
Orlando skyline and/or Lake Eola park. Take
an easy stroll around the one-mile loop of
Lake Eola, where a weekly Farmer's Market,
annual arts and crafts festivals, concerts
and other events happen regularly.
For the downtown lifestyle that truly offers
the most conveniences, including
professional, on-site management and 24/7
emergency maintenance backed by four
decades of experience, as well as an
unsurpassed location, Aspire luxury
apartments at One Eleven is where you
want to be!
Rental Rates as Follows:
Studios at $1085+ (598 sq ft)
1 bed/1 bath at $1458+ (760 to 867 sq ft)
2 bed/2 bath at $2261+ (1157 to 1467 sq ft)
3 bed/2 bath starting at $2964+ (1460 to 2129 sq ft)
Penthouse (3 bed/4 bath) at $5810 (2888 sq ft)
1.2 miles North of 1221 South Orange Ave (Subject Property)
http://www.aspireapts.com/index.php
Developed and Managed by Lincoln Property Company
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Paramount on Lake Eola
The Paramount Orlando has over twelve
spacious floor plans, penthouse suites and a
very limited number of pool villas within 16 stories
and a total of 300 condo units. Most Paramount
residences have floor to ceiling glass windows in
the living rooms with amazing water views. The
kitchen and bathrooms have ceramic tile floors
and spacious walk-in closets. The gourmet
kitchens feature solid granite countertops,
European style cabinets and high-end
appliances. There are grand terraces on select
units.
Best of all, on the ground floor is a Publix
supermarket providing the residents of the
Paramount and all downtown residents a
convenient place to shop!
Originally built as Condos.
Rental Rates as Follows:
1 bed/1 bath starting at $1375+/- (638 sq ft) to $2185 (1162 sq ft)
2 bed/2 bath starting at $1915+/- (1115 sq ft) to $2440 (1516 sq ft)
3 bed/2 bath starting at $2625+/- (1696 sq ft) to $3540 (2039 sq ft Villa)
1.3 miles North of 1221 South Orange Ave (Subject Property)
http://atlanticandpacific.net/paramount/outside_home.asp
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Post Parkside
Apartments
Post Parkside Apartment Homes are located all
across the nation and Post Parkside Orlando is a
premier property in their portfolio. Poised as one of
the most sought after locations for luxury
apartment homes in Downtown Orlando, their
homes offer features such as a fitness center, a
Luxurious Pool, on-site retails shops and restaurants
along with furnished corporate rentals.
Within walking distance of Lake Eola, Publix,
Church Street Station and all that Downtown
Orlando has to offer!!
Post Parkside Orlando stands tallest at 8 stories and
offers a variety of floor plans. There is also a sister
community located in Baldwin Park about 5
minutes from this community.
Rental Rates as Follows:
1 bed/1 bath Studio starting at $1145+/-
2 bed/2 bath starting at $1685+/-
3 bed/2 bath starting at $2500+/-
1.3 miles North of 1221 South Orange Ave (Subject Property)
http://www.postproperties.com/markets/orlandoapartments.aspx
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55 West
55 West is “the” address for beautiful
apartments in Downtown Orlando, Florida.
Each apartment home features unique details
and floor plans to fit any budget. Complete
with natural lighting in every unit and kitchens
with beautiful cabinetry & counter tops as well
as built-in stainless steel appliances.
Within walking distance of the brand new
Amway Center to enjoy Orlando Magic
games and Concerts. Not forgetting the
endless Retail shops and Restaurants on the
first levels and throughout Church Street
Station and Downtown Orlando!
55 West Stands proudly at 32 floors and
features 377 apartment homes. Originally built
as Condos.
Rental Rates as Follows:
1 bed/1 bath starting at $1265+/- (612 sq ft) to $1975+/- (1060 sq ft)
2 bed/2 bath starting at $1920+/- (1117 sq ft) to $2635+/- (1402 sq ft)
3 bed/2 bath starting at $2920 to $3020+/- (1808 sq ft)
1.4 miles North of 1221 South Orange Ave (Subject Property)
http://www.rent55w.com
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Village at Lake Lily
in Maitland Just slightly outside Downtown but a Great Comparison
T he Village at Lake Lily resides in the “Cultural Corridor”
of Maitland which is considered among the most scenic
towns in the state. The views enjoyed by the residents
include Lake Lily Park, Amazing Oak Trees and historic
brick lined streets. Not to mention the Infamous Enzian
Theatre and Maitland Art Center just seconds away!
Each apartment home features unique details such as
crown molding, roman tubs, granite countertops and
stainless steel appliances.
The Restaurants and Shops of Park Avenue in Downtown
Winter Park are only a few minutes drive as well as
Downtown Orlando!
The Village at Lake Lily has over 20 floor plans to offer
within it’s three stories of apartment homes.
Rental Rates as Follows:
1 bed/1 bath (some with study) starting at $1015+/- (764 sq ft) to $1375+/- (1044 sq ft)
2 bed/2 bath starting at $1199+/- (1009 sq ft) to $2000+/- (1493 sq ft)
3 bed/2 bath starting at $1895 to $1900+/- (1604 to 1845 sq ft)
8.5 miles North of 1221 South Orange Ave (Subject Property)
http://villageatlakelily.com/Apartment/Maitland-FL-32751/TheVillageAtLakeLily
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Location, Location,
Location!!!
When you hear that “age old
saying” in Real Estate, Location,
Location, Location, it couldn’t be more
true with this property.
Now that you’ve had a chance to
review some of the luxury apartment
homes, you can see the potential that
exists in this premier parcel of land with
it’s approved planned development
by the city of Orlando!!
It’s location in relation to existing
communities whether they are rental
communities, single family homes,
condos or townhomes, is ideal to
completing the neighborhood of
Delaney Park and South Downtown
Orlando.
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State of Orlando Luxury Rental
Market thru Local Articles
What is planned and what is happening now? All throughout the Metro Orlando area and surrounding cities you will hear of rental
developments being planned and news of those that are currently in progress.
Please take a moment to view local articles and press releases of these developments in the upcoming slides. This will give you a full view of what is happening in this segment of the industry and what is to come!
Not to mention all the great enhancements in the much anticipated Public Transit ‘Sun Rail’ Commuter System that will definitely impact the luxury rental market here in Central Florida!!
Articles have been utilized from local sources: Orlando Business Journal and the Orlando Sentinel and are listed here based on dates spanning over a year.
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See details of the Mayor’s “State of the Downtown” speech in the next slide.
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Orlando Mayor Buddy Dyer (L), Peter Kageyama (R) author of “For the Love of Cities”
UPDATE: The Steel House Apartments are under construction as of March 2012. For more information on this development see the upcoming slide directly related to this complex.
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UPDATE: The Steel House Apartments are under construction as of March 2012.
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LOCATION ALERT: Orlando
Health/Amtrak Proposed Station: This is within three blocks from the Parcel at 1221 South Orange
Avenue!!
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Confidentiality Agreement & Disclaimer:
The information contained in this marketing brochure (“Materials”) is proprietary and confidential. It is intended to be reviewed on by the person or
entity receiving it from “Mark L. Allen & Commercial Real Estate Professionals, Inc. (“Agent/Broker.”) The materials are intended to be used for the
sole purpose of preliminary evaluation of the subject property (“Property”) for potential purchase.
The materials have been prepared to provide unverified summary financial, physical and market information to prospective buyer to enable them to
establish a preliminary level of interest in potential purchase of the property. The materials are not to be considered fact. The information contained
in the materials is not a substitute for thorough investigation of the financial, physical, and market conditions relating to the property.
The information contained in the materials has been obtained by the “Agent/Broker” from several sources believe to be reliable; however, no representation or warranty is made regarding the accuracy or completeness of the “Materials.” “Agent/Broker” make no representation or warranty
regarding the property, including but not limited to income, expense or financial performance (past, present or future), size square footage,
condition or quality of the land and improvements; presence or absence of contaminating substances (asbestos, mold etc.) Compliance with laws
and regulations (local, state & federal) or financial condition or business prospects of any tenant (tenants intentions regarding continued
occupancy, payment of rent, etc.) Any prospective buyer is solely responsible for any and all costs and expenses incurred in reviewing the materials
and/or investigating and evaluating the property.
By receiving the materials you are agreeing to the Confidentiality and Disclaimer set forth therein.
Thank you for the opportunity to bring you our “Mini Market Report” on the Luxury Rental Markets in Metro
Orlando pertaining to our Subject Property For Sale!!
As we have researched and experienced this surge in the market ourselves we have also gathered local
sources and brief demographics to bring you this report and believe all sources to be true to our knowledge.
Please view the disclaimer below for more information.
Please contact us for a full marketing presentation and all planned development documents that we possess
as public record on the subject property at 1221 south Orange Avenue and 101 East Copeland Drive, Orlando.
We would love the opportunity to present this to you at your earliest convenience. Our contact information is
contained in the next slide.
Thank you!!
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Broker & Company Profile
Mark L. Allen Commercial Specialist
Certified Commercial Investment Member CCIM
Accredited Buyer’s Representative Manager ABRM
Certified International Property Specialist CIPS
Real Estate Short Sale Specialist RESS
Internet Certified REALTOR® e-PRO
Florida Licensed Real Estate Broker
Florida Licensed Mortgage Broker
Florida Licensed Title Agent
Florida Licensed General Contractor
Florida Licensed Community Association Manager CAM
Innovative Marketing
Exposure
with
Direct: 321-689-8000 Email: [email protected]
Office: 407-737-9797
Office Fax: 866-814-0515
Our Commercial Division represents all types of Commercial Properties and Business
Opportunities. We specialize in Commercial Buildings such as Retail Shopping Centers,
Office Buildings, Warehouse and Industrial properties, Multi-family Properties,
Development Land, Auto Dealerships and Repair Facilities, Historic Buildings, and
Churches. We represent transactions from $200,000 to $250,000,000. Our agents are also
experienced and educated with the Commercial Short Sale process and REO Asset
Management.
We also represent: Tourism Related Business, Hospitality and Hotel Development,
National Franchises, Commercial Lease Space, Acquisition Searches, Buyer’s Agent
Representation, Assistance in obtaining Commercial Investment Financing and Business
Consulting.
www.OrlandoCommercialRealEstate.com