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

Transcript of Local Market Report - LoopNet · 2017. 3. 17. · Growing City!” The latest demographics and...

Page 1: Local Market Report - LoopNet · 2017. 3. 17. · Growing City!” The latest demographics and analysis’ point to ... with beautiful cabinetry & counter tops as well as built-in

Local Market Report Orlando’s Luxury Residential Rental Developments Showcased for comparisons for Vacant Property Available at 1221 South Orange Avenue, Orlando

Page 2: Local Market Report - LoopNet · 2017. 3. 17. · Growing City!” The latest demographics and analysis’ point to ... with beautiful cabinetry & counter tops as well as built-in

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/

Page 5: Local Market Report - LoopNet · 2017. 3. 17. · Growing City!” The latest demographics and analysis’ point to ... with beautiful cabinetry & counter tops as well as built-in

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

Page 6: Local Market Report - LoopNet · 2017. 3. 17. · Growing City!” The latest demographics and analysis’ point to ... with beautiful cabinetry & counter tops as well as built-in

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

Page 8: Local Market Report - LoopNet · 2017. 3. 17. · Growing City!” The latest demographics and analysis’ point to ... with beautiful cabinetry & counter tops as well as built-in

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

Page 9: Local Market Report - LoopNet · 2017. 3. 17. · Growing City!” The latest demographics and analysis’ point to ... with beautiful cabinetry & counter tops as well as built-in

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

Page 10: Local Market Report - LoopNet · 2017. 3. 17. · Growing City!” The latest demographics and analysis’ point to ... with beautiful cabinetry & counter tops as well as built-in

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.

Page 11: Local Market Report - LoopNet · 2017. 3. 17. · Growing City!” The latest demographics and analysis’ point to ... with beautiful cabinetry & counter tops as well as built-in

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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Page 17: Local Market Report - LoopNet · 2017. 3. 17. · Growing City!” The latest demographics and analysis’ point to ... with beautiful cabinetry & counter tops as well as built-in

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!!

Page 21: Local Market Report - LoopNet · 2017. 3. 17. · Growing City!” The latest demographics and analysis’ point to ... with beautiful cabinetry & counter tops as well as built-in

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!!

Page 22: Local Market Report - LoopNet · 2017. 3. 17. · Growing City!” The latest demographics and analysis’ point to ... with beautiful cabinetry & counter tops as well as built-in

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