OFFERING MEMORANDUM MULTIFAMILY LAND
10
MULTIFAMILY LAND Rinehart Road near St Johns Parkway, Sanford, FL 32771 This exclusive listing presented by V 3 Commercial Advisors OFFERING MEMORANDUM
Transcript of OFFERING MEMORANDUM MULTIFAMILY LAND
Rinehart Rd near St Johns Pkwy, Sanford, FL - Land OM
(08.10.2020)MULTIFAMILY LAND Rinehart Road near St Johns Parkway,
Sanford, FL 32771This exclusive listing presented by V 3 Commercial
Advisors
OFFERING MEMORANDUM
2
PROPERTY SUMMARY Parcel IDs: Total Land Area (Acres): 16.50 Zoning: Planned Unit Development
Future Land Use:
Electric: Duke Energy Sewer: City of Sanford Potable Water: City of Sanford Telephone: Bellsouth
Street AADT Upsala Rd 7,700 St. Johns Pkwy 13,200 Rinehart Rd 21,200
Traffic Counts:
Westside Industry and Commerce WIC designation permits land use mix of commercial, office and residential which allows a maximum floor area ratio of 0.50. The residential density shall be a minimum of 10 dwelling units per acre and a maximum of 20 dwelling units per acre where compatible with adjacent land uses.
28-19-30-506-0000-0270
INVESTMENT SUMMARY V 3 Commercial Advisors, LLC, a Florida licensed real estate broker, has been appointed exclusive advisor for the sale and disposition of one commercial parcel located near the northwest intersection of Upsala Road and St. Johns Parkway in Sanford, FL. Situated within a dense retail corridor, the property is an ideal site for a multifamily development. At less than a 3-minute drive from three major highways (Interstate 4, State Road 46, and State Road 417), the site provides excellent accessibility for potential residents employed by the 15,000+ businesses located within 10 miles.
INVESTMENT HIGHLIGHTS • Infill Multifamily Opportunity • Ideally Located on High-Traffic Rinehart Road • Heavy Retail Options Walkable • Close to SR 417 and I-4 • Part of a Master Planned PD
NEARBY RETAILERS & AMENITIES:
Sheet1
Planned Unit Development
Future Land Use:
Westside Industry and Commerce WIC designation permits land use mix of commercial, office and residential which allows a maximum floor area ratio of 0.50. The residential density shall be a minimum of 10 dwelling units per acre and a maximum of 20 dwelling units per acre where compatible with adjacent land uses.
Electric:
4
Population 10,254 47,825 121,641 339,081
Population Growth (2019-2024)
Household Growth (2019-2024)
4,579 24,733 59,922 162,122
Employers 934 2,637 5,976 13,796
Multifamily Land
Sheet1
4,579
24,733
59,922
162,122
DRIVE-TIME DEMOGRAPHICS
2019 Estimated Demographics 5 min 10 min 15 min 20 min
Population 11,058 67,292 175,940 359,780
Population Growth (2019-2024)
Household Growth (2019-2024)
5,425 31,879 83,369 174,798
Employers 1,179 4,326 8,440 16,976
Multifamily Land
Sheet1
5,425
31,879
83,369
174,798
15,142
47,338
84,520
156,909
Employers
1,179
4,326
8,440
16,976
6
GREATER ORLANDO MSA While Orlando is renowned worldwide for its tropical climate and relaxed lifestyle, the region also is one of the top 10 locations in the country for business. From corporate headquarters to regional distribution centers, from product manufacturing to high tech research, the region of Orange, Seminole, Osceola, and Lake counties and the City of Orlando spans a dynamic economic spectrum.
Major international companies have a presence in Orlando. Walt Disney Company, Lockheed Martin, Siemens Energy, Mitsubishi-Hitachi Power Systems, L-3 Communications, Science Applications International Corporation (SAIC), Electronic Arts, Northrop Grumman, Darden Restaurants, Verizon Communications, Tupperware Brands Corp., American Automobile Association (AAA), Ruth’s Chris Steak House, Deloitte and more. Orlando is also home to the U.S. operations of Germany’s Siemens Energy, Japan’s Mitsubishi Hitachi Power Systems, Spain’s Indra System, Australia’s Adacel to name a few. In total, more than 150 international companies, representing about 20 countries, have facilities in Orlando.
Tourism — and the tax revenue generated from it — enables substantial infrastructure investment that further enhances the quality of life. The region provides a rich lifestyle for residents through cultural opportunities, arts, fashion, music, amateur and professional sports, favorable weather and abundant recreational activities. From a brand-new performing arts center and MLS stadium to a renovated Camping World Stadium, Orlando is also home to the Amway Center, named among the nation’s top sports venues.
Multifamily Land
7
SEMINOLE COUNTY Industry growth in Seminole has taken several forms. Most notable is the establishment of corporate headquarters, such as American Automobile Association (AAA), Mitsubishi Hitachi Power Systems, Scholastic Book Fairs and Sears Home Improvement Products, as well as the emergence of many high-tech companies, including CuraScript, NCR, Faro Technologies, Deloitte IT Consulting and Convergys. On- going expansion at the Orlando Sanford International Airport (SFB), coupled with the state's largest foreign trade zone designation, has helped SFB become the third most active international airport in Florida and the 12th most active in the United States.
Seminole County has prepared for growth with everything from a new expressway to pre-approved development sites, specialized job training and infrastructure incentives. The county's public-school system is rated among the highest in the state, and the median household effective buying income is the highest in the region. The municipalities of Oviedo and Winter Springs consistently rank as best places to live by CNN Money Magazine.
ECONOMY The economy of Seminole County, FL employs 245k people with the largest industries being Health Care & Social Assistance (32,077 people), Professional, Scientific, & Technical Services (25,511 people), and Retail Trade (23,987 people). The median household income in Seminole County, FL is $64,049.
LEADING EMPLOYERS Company Number of Employees Seminole County Public Schools 7,687 Orlando Sanford International Airport 3,500 AT&T Mobility 3,063 Central Florida Regional Hospital 2,108 Consulate Health Care 2,000 Chase Card Services 1,900 Convergys 1,800 Deloitte Consulting 1,800 Seminole State College of Florida 1,612 Seminole County Government 1,581 Verizon 1,300 Liberty Mutual Group 1,070 South Seminole Hospital 1,040 Digital Risk 1,037 Veritas Technologies 932 Symantec Corporation 800 Pershing 800 Fiserv 700 American Automobile Association 689 Tri-City Electrical Contractors 601 The Hartford Financial Services Group 600 Benada Alumnium Products 600
Multifamily Land
Sheet1
1,612
600
600
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EDUCATION Seminole County Public Schools (SCPS) is renowned as a Premier National School District. SCPS is the 12th largest school district in Florida and is 60th nationally. It boasts 37 traditional Elementary Schools, 12 Middle Schools, and 9 High Schools. Student enrollment throughout the county is more than 67,000.
For higher education, Seminole County is in proximity to more than 35 colleges, universities, technical schools and private institutions as well as continuing education programs that offer on-going opportunities for workers sharpening their skills.
TRANSPORTATION Just off Interstate 4 and close to Interstate 95 and the Florida turnpike, Seminole County maintains a strong infrastructure with approximately 1,900 miles of roadways. Approximately five miles of the 21-mile I- 4 Ultimate project is taking place in Seminole County.
Orlando Sanford International Airport flies directly into the city of Sanford, located in northern Seminole County. The airport is consistently in the top 30 busiest airports in the world in terms of total flight operations. It is the Orlando area's secondary commercial airport, but it is farther away from Downtown Orlando and the major theme parks than Orlando International Airport. Orlando Sanford International Airport was once dominated by European charter carrier service, but since 2008 most of its passenger traffic has been domestic; this is attributable to the entrance of Las Vegas-based Allegiant Air, for which Sanford is a focus city.
Public transportation in Seminole County consists of LYNX and SunRail which both operate throughout the Central Florida region. LYNX operates a total of 88 bus routes in the Orlando area, serving Orange, Osceola, and Seminole counties with limited service to Polk County. SunRail is a commuter rail system in the Greater Orlando region which comprises 16 stations connecting Volusia, Seminole, Orange, and Osceola Counties.
SEMINOLE STATE COLLEGE OF FLORIDA
ORLANDO SANFORD INTERNATIONAL AIRPORT
I-4 WEST IN SANFORD
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SANFORD Sanford is a growing city with a population of 60,000, in close proximity to Interstate 4 and State Road 417, halfway between the attractions of Orlando and the beaches. Sanford sits on the south shore of Lake Monroe, providing a waterfront backdrop to the city. One of Central Florida’s oldest incorporated cities, Sanford is well-known for its brick- lined streets, towering oaks, elegant store-fronts, and large nineteenth- century Victorian homes.
Sanford is a dynamic area within Orlando that boasts convenience, affluent residents, and leading employment growth rates. The region holds national recognition as a place for stellar job growth and as an amazing place to live. Neighborhoods here have developed rapidly over the past ten years as growth from Orlando continues to push north. There are several high-quality office, retail, and residential developments which have made the submarket one of the most desirable in the Southeast.
A growing population driven by strong white-collar job creation supports additional upscale retail, education and infrastructure development. Additionally, higher education options are easily accessible from Sanford. The University of Central Florida, the nation’s second largest public university by enrollment is just 20 minutes from the property. Meanwhile, Seminole State College of Florida, a public state college, is only 9.4 miles away and Full Sail University, a specialized audio/video/film production school is located in Winter Park, is just 20 minutes away.
DOWNTOWN SANFORD BOARDWALK
SANFORD SUNRAIL STATION
CENTRAL FLORIDA ZOO
10Multifamily Land
MEMORANDUM DISCLAIMER This Offering Memorandum (“OM”) is provided for the sole purpose of allowing a potential investor to evaluate whether there is interest in proceeding with further discussions regarding a possible purchase of or investment in the subject Property.
The potential investor is urged to perform its own examination and inspection of the Property and information relating to same and shall rely solely on such examination and investigation and not on this Brochure or any materials, statements or information contained herein or otherwise provided by owner and its representatives.
Neither Owner, V 3 Commercial Advisors, nor any of their respective partners, directors, officers, employees and agents (“Agents”), make any representations or warranties, whether express or implied, by operation of law or otherwise, with respect to this OM or the Property or any materials, statements (including financial statements and projections) or information contained herein or relating thereto, or as to the accuracy or completeness of such materials, statements or information, or as to the condition, quality or fitness of the Property, or assumes any responsibility with respect thereto. Such materials, statements and information have in many circumstances been obtained from outside sources and have not been tested or verified.
This OM is provided subject to errors, omissions, change of price or terms and other changes to the materials, statements and information contained herein or relating to the Property, and is subject to withdrawal, all without notice. The contents hereof are confidential and are not to be reproduced or distributed to any person or entity without the prior written consent of Agents or Owner or used for any purpose other than initial evaluation as indicated above.
ADVISORY CONTACT
[email protected]
OFFERING MEMORANDUM
2
PROPERTY SUMMARY Parcel IDs: Total Land Area (Acres): 16.50 Zoning: Planned Unit Development
Future Land Use:
Electric: Duke Energy Sewer: City of Sanford Potable Water: City of Sanford Telephone: Bellsouth
Street AADT Upsala Rd 7,700 St. Johns Pkwy 13,200 Rinehart Rd 21,200
Traffic Counts:
Westside Industry and Commerce WIC designation permits land use mix of commercial, office and residential which allows a maximum floor area ratio of 0.50. The residential density shall be a minimum of 10 dwelling units per acre and a maximum of 20 dwelling units per acre where compatible with adjacent land uses.
28-19-30-506-0000-0270
INVESTMENT SUMMARY V 3 Commercial Advisors, LLC, a Florida licensed real estate broker, has been appointed exclusive advisor for the sale and disposition of one commercial parcel located near the northwest intersection of Upsala Road and St. Johns Parkway in Sanford, FL. Situated within a dense retail corridor, the property is an ideal site for a multifamily development. At less than a 3-minute drive from three major highways (Interstate 4, State Road 46, and State Road 417), the site provides excellent accessibility for potential residents employed by the 15,000+ businesses located within 10 miles.
INVESTMENT HIGHLIGHTS • Infill Multifamily Opportunity • Ideally Located on High-Traffic Rinehart Road • Heavy Retail Options Walkable • Close to SR 417 and I-4 • Part of a Master Planned PD
NEARBY RETAILERS & AMENITIES:
Sheet1
Planned Unit Development
Future Land Use:
Westside Industry and Commerce WIC designation permits land use mix of commercial, office and residential which allows a maximum floor area ratio of 0.50. The residential density shall be a minimum of 10 dwelling units per acre and a maximum of 20 dwelling units per acre where compatible with adjacent land uses.
Electric:
4
Population 10,254 47,825 121,641 339,081
Population Growth (2019-2024)
Household Growth (2019-2024)
4,579 24,733 59,922 162,122
Employers 934 2,637 5,976 13,796
Multifamily Land
Sheet1
4,579
24,733
59,922
162,122
DRIVE-TIME DEMOGRAPHICS
2019 Estimated Demographics 5 min 10 min 15 min 20 min
Population 11,058 67,292 175,940 359,780
Population Growth (2019-2024)
Household Growth (2019-2024)
5,425 31,879 83,369 174,798
Employers 1,179 4,326 8,440 16,976
Multifamily Land
Sheet1
5,425
31,879
83,369
174,798
15,142
47,338
84,520
156,909
Employers
1,179
4,326
8,440
16,976
6
GREATER ORLANDO MSA While Orlando is renowned worldwide for its tropical climate and relaxed lifestyle, the region also is one of the top 10 locations in the country for business. From corporate headquarters to regional distribution centers, from product manufacturing to high tech research, the region of Orange, Seminole, Osceola, and Lake counties and the City of Orlando spans a dynamic economic spectrum.
Major international companies have a presence in Orlando. Walt Disney Company, Lockheed Martin, Siemens Energy, Mitsubishi-Hitachi Power Systems, L-3 Communications, Science Applications International Corporation (SAIC), Electronic Arts, Northrop Grumman, Darden Restaurants, Verizon Communications, Tupperware Brands Corp., American Automobile Association (AAA), Ruth’s Chris Steak House, Deloitte and more. Orlando is also home to the U.S. operations of Germany’s Siemens Energy, Japan’s Mitsubishi Hitachi Power Systems, Spain’s Indra System, Australia’s Adacel to name a few. In total, more than 150 international companies, representing about 20 countries, have facilities in Orlando.
Tourism — and the tax revenue generated from it — enables substantial infrastructure investment that further enhances the quality of life. The region provides a rich lifestyle for residents through cultural opportunities, arts, fashion, music, amateur and professional sports, favorable weather and abundant recreational activities. From a brand-new performing arts center and MLS stadium to a renovated Camping World Stadium, Orlando is also home to the Amway Center, named among the nation’s top sports venues.
Multifamily Land
7
SEMINOLE COUNTY Industry growth in Seminole has taken several forms. Most notable is the establishment of corporate headquarters, such as American Automobile Association (AAA), Mitsubishi Hitachi Power Systems, Scholastic Book Fairs and Sears Home Improvement Products, as well as the emergence of many high-tech companies, including CuraScript, NCR, Faro Technologies, Deloitte IT Consulting and Convergys. On- going expansion at the Orlando Sanford International Airport (SFB), coupled with the state's largest foreign trade zone designation, has helped SFB become the third most active international airport in Florida and the 12th most active in the United States.
Seminole County has prepared for growth with everything from a new expressway to pre-approved development sites, specialized job training and infrastructure incentives. The county's public-school system is rated among the highest in the state, and the median household effective buying income is the highest in the region. The municipalities of Oviedo and Winter Springs consistently rank as best places to live by CNN Money Magazine.
ECONOMY The economy of Seminole County, FL employs 245k people with the largest industries being Health Care & Social Assistance (32,077 people), Professional, Scientific, & Technical Services (25,511 people), and Retail Trade (23,987 people). The median household income in Seminole County, FL is $64,049.
LEADING EMPLOYERS Company Number of Employees Seminole County Public Schools 7,687 Orlando Sanford International Airport 3,500 AT&T Mobility 3,063 Central Florida Regional Hospital 2,108 Consulate Health Care 2,000 Chase Card Services 1,900 Convergys 1,800 Deloitte Consulting 1,800 Seminole State College of Florida 1,612 Seminole County Government 1,581 Verizon 1,300 Liberty Mutual Group 1,070 South Seminole Hospital 1,040 Digital Risk 1,037 Veritas Technologies 932 Symantec Corporation 800 Pershing 800 Fiserv 700 American Automobile Association 689 Tri-City Electrical Contractors 601 The Hartford Financial Services Group 600 Benada Alumnium Products 600
Multifamily Land
Sheet1
1,612
600
600
8
EDUCATION Seminole County Public Schools (SCPS) is renowned as a Premier National School District. SCPS is the 12th largest school district in Florida and is 60th nationally. It boasts 37 traditional Elementary Schools, 12 Middle Schools, and 9 High Schools. Student enrollment throughout the county is more than 67,000.
For higher education, Seminole County is in proximity to more than 35 colleges, universities, technical schools and private institutions as well as continuing education programs that offer on-going opportunities for workers sharpening their skills.
TRANSPORTATION Just off Interstate 4 and close to Interstate 95 and the Florida turnpike, Seminole County maintains a strong infrastructure with approximately 1,900 miles of roadways. Approximately five miles of the 21-mile I- 4 Ultimate project is taking place in Seminole County.
Orlando Sanford International Airport flies directly into the city of Sanford, located in northern Seminole County. The airport is consistently in the top 30 busiest airports in the world in terms of total flight operations. It is the Orlando area's secondary commercial airport, but it is farther away from Downtown Orlando and the major theme parks than Orlando International Airport. Orlando Sanford International Airport was once dominated by European charter carrier service, but since 2008 most of its passenger traffic has been domestic; this is attributable to the entrance of Las Vegas-based Allegiant Air, for which Sanford is a focus city.
Public transportation in Seminole County consists of LYNX and SunRail which both operate throughout the Central Florida region. LYNX operates a total of 88 bus routes in the Orlando area, serving Orange, Osceola, and Seminole counties with limited service to Polk County. SunRail is a commuter rail system in the Greater Orlando region which comprises 16 stations connecting Volusia, Seminole, Orange, and Osceola Counties.
SEMINOLE STATE COLLEGE OF FLORIDA
ORLANDO SANFORD INTERNATIONAL AIRPORT
I-4 WEST IN SANFORD
9
SANFORD Sanford is a growing city with a population of 60,000, in close proximity to Interstate 4 and State Road 417, halfway between the attractions of Orlando and the beaches. Sanford sits on the south shore of Lake Monroe, providing a waterfront backdrop to the city. One of Central Florida’s oldest incorporated cities, Sanford is well-known for its brick- lined streets, towering oaks, elegant store-fronts, and large nineteenth- century Victorian homes.
Sanford is a dynamic area within Orlando that boasts convenience, affluent residents, and leading employment growth rates. The region holds national recognition as a place for stellar job growth and as an amazing place to live. Neighborhoods here have developed rapidly over the past ten years as growth from Orlando continues to push north. There are several high-quality office, retail, and residential developments which have made the submarket one of the most desirable in the Southeast.
A growing population driven by strong white-collar job creation supports additional upscale retail, education and infrastructure development. Additionally, higher education options are easily accessible from Sanford. The University of Central Florida, the nation’s second largest public university by enrollment is just 20 minutes from the property. Meanwhile, Seminole State College of Florida, a public state college, is only 9.4 miles away and Full Sail University, a specialized audio/video/film production school is located in Winter Park, is just 20 minutes away.
DOWNTOWN SANFORD BOARDWALK
SANFORD SUNRAIL STATION
CENTRAL FLORIDA ZOO
10Multifamily Land
MEMORANDUM DISCLAIMER This Offering Memorandum (“OM”) is provided for the sole purpose of allowing a potential investor to evaluate whether there is interest in proceeding with further discussions regarding a possible purchase of or investment in the subject Property.
The potential investor is urged to perform its own examination and inspection of the Property and information relating to same and shall rely solely on such examination and investigation and not on this Brochure or any materials, statements or information contained herein or otherwise provided by owner and its representatives.
Neither Owner, V 3 Commercial Advisors, nor any of their respective partners, directors, officers, employees and agents (“Agents”), make any representations or warranties, whether express or implied, by operation of law or otherwise, with respect to this OM or the Property or any materials, statements (including financial statements and projections) or information contained herein or relating thereto, or as to the accuracy or completeness of such materials, statements or information, or as to the condition, quality or fitness of the Property, or assumes any responsibility with respect thereto. Such materials, statements and information have in many circumstances been obtained from outside sources and have not been tested or verified.
This OM is provided subject to errors, omissions, change of price or terms and other changes to the materials, statements and information contained herein or relating to the Property, and is subject to withdrawal, all without notice. The contents hereof are confidential and are not to be reproduced or distributed to any person or entity without the prior written consent of Agents or Owner or used for any purpose other than initial evaluation as indicated above.
ADVISORY CONTACT
[email protected]
