Exclusive Offering Retail Investment Sale

EXCLUSIVE OFFERING RETAIL INVESTMENT SALE

205 South Eola Drive, Orlando, FL 32801 PRESENTED BY

CYNTHIA SHELTON ccim, cre Managing Director 423 S. Keller Road Orlando, FL 32810 Direct: (407) 775-4359 Mobile: (407) 509-5290 [email protected]

LQWEST.COM

RETAIL I OFFICE I LAND I MULTI-FAMILY INDUSTRIAL I INVESTMENT I MANAGEMENT

TABLE OF CONTENTS

EXECUTIVE SUMMARY Introduction/Highlights...... 4

PROPERTY DETAILS Property Details...... 5 Locator Map...... 6 Birds Eye Aerial...... 7

MARKET OVERVIEW CBD Improvements...... 8 Residential Buildings...... 9 Downtown CRA...... 10 Demographic Summary...... 11

CENTRAL FLORIDA OVERVIEW Employment Highlights...... 12 Educational Opportunities...... 13 Tourism Industry...... 14 Transportation Options...... 15

CONTACT LANDQWEST Contact Information...... 16

LQWEST.COM I. EXECUTIVE SUMMARY

205 S Eola Dr CENTRAL EXECUTIVE PROPERTY FINANCIALMARKET FLORIDA TABLE OF Orlando, FL SUMMARY DETAILS OVERVIEWANALYSIS OVERVIEW CONTENTS

INTRODUCTION

This is a great investment opportunity to develop a property in downtown Orlando. This property has been approved for a 12-story tower, with 70-residential units, 120 parking spaces and over 7,000 SF of retail/ office/service space. Currently there are over 2,200 residential units in a 3-block radius and over 480 more units under construction, including on the opposite corner. Current apartment occupancy in Downtown Orlando is an average 95.4%. The occupancy continues to strengthen retail in this market. Located in the Thorton Park district, a very desirable area with easy accessibility to all points of interest in Downtown Orlando, traffic generators include Lake Eola Park, the Amway Center, City Hall, the Dr. Phillips Performing Arts Center and the Public Library.

PROPERTY DETAILS OFFERING SUMMARY Zoning: Planned Development/Traditional List Price: $3,500,000 Acerage: 0.5± AC Building Size*: 8,163 SF

LOCATION SUMMARY Street Address: 205 South Eola Drive, Orlando, FL 32801 Primary AADT: 4,700 CPD Along E. Church St.

*Existing one-story, 8,163 SF office currently occupied by a law firm

PAGE 4 II. PROPERTY DETAILS

205 S Eola Dr CENTRAL EXECUTIVE PROPERTY MARKET FLORIDA TABLE OF Orlando, FL SUMMARY DETAILS OVERVIEW OVERVIEW CONTENTS

Current, 8,163 SF Office Building On Site

PROPERTY SUMMARY Parcel Number: 25-22-29-9320-01-060 Property Location: Downtown Orlando Approved For: 12-Story Development 70 Residential Units 7,040 SF of Retail/Office/Service 120 Parking Spaces

PAGE 5 II. PROPERTY DETAILS

205 S Eola Dr CENTRAL EXECUTIVE PROPERTY MARKET FLORIDA TABLE OF Orlando, FL SUMMARY DETAILS OVERVIEW OVERVIEW CONTENTS

LOCATOR MAP

SITE

PAGE 6 II. PROPERTY DETAILS

205 S Eola Dr CENTRAL EXECUTIVE PROPERTY FINANCIALMARKET FLORIDA TABLE OF Orlando, FL SUMMARY DETAILS OVERVIEWANALYSIS OVERVIEW CONTENTS

BIRDS EYE VIEW

PAGE 7 III. MARKET OVERVIEW

205 S Eola Dr CENTRAL EXECUTIVE PROPERTY MARKET FLORIDA TABLE OF Orlando, FL SUMMARY DETAILS OVERVIEW OVERVIEW CONTENTS

CENTRAL BUSINESS DISTRICT The Central Business District (“CBD”) is the heart of the Orlando MSA. It offers civic, commercial, retail and residential destinations; all connected by local and regional transit services. It is as well-known for its evening entertainment as its bustling daytime employment setting. These destinations are attracted by its dense urban environment. It additionally offers the area’s largest contiguous block of retail space. Its walkability factor, high transit score and booming business/ residential sector ideally position downtown Orlando for long-term growth. Downtown Orlando compliments its historic buildings (such as the Orange County Regional History Center and the Orlando Public Library) with modern structures like the Dr. Phillips Center and the developing “Creative Village,” a 68-acre mixed-use project to offer office/creative studios, higher education, PS-8F education, mixed-income residential, retail/commercial and hotel uses. The Community Redevelopment Agency (CRA) launched “Project DTO” to evolve downtown Orlando over the next decade. Project DTO is a comprehensive process with ten primary themes: 1. Outdoor-oriented city; 6. Iconic visual identity; 2. Highly connected neighborhoods; 7. Music/arts/sports/entertainment destination; 3. Best education in the State; 8. Involved community stakeholders; 4. Business-friendly; 9. Diverse heritage;

5. Creative culture; 10. Built for the future. The CRA will focus on several redevelopment opportunities to positively influence Project DTO, including the Orlando Sentinel site to the north, Lake Eola to the northwest and southwest of Washington Street (a well-known employment and residential corridor) and a transformed “Bridge District” between Church and Washington Streets at the DTO core. Project DTO will also introduce elements such as pedestrian amenities, parks, corporate anchors, high- wage jobs, increased housing options and a signature downtown skyline. For more on the future of Downtown Orlando, visit: DTO VISION PLAN DTOUTLOOK

PAGE 8 Senior Condominium Apartment Apartment (2,967 Units) (1,995 Units) (6,129 Units) RESIDENTIAL BUILDINGS ° L E G E N D Lake C Proposed/ Ivanhoe Underconstruction Park Park Water Parcel Project

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Feet First Quarter, 2017 0 250 500 1,000 1,500 2,000 DOWNTOWNORLANDO.COM Proposed Under Completed Construction °

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Feet First Quarter, 2017 0 250 500 1,000 1,500 2,000 DOWNTOWNORLANDO.COM III. MARKET OVERVIEW

205 S Eola Dr CENTRAL EXECUTIVE PROPERTY MARKET FLORIDA TABLE OF Orlando, FL SUMMARY DETAILS OVERVIEW OVERVIEW CONTENTS

DEMOGRAPHIC SUMMARY

205 S. EOLA DRIVE, ORLANDO, FL 1 MILE 2 MILES 3 MILES 205 S. EOLA DRIVE, ORLANDO, FL 1 MILE 2 MILES 3 MILES 2019 Estimated Population 17,079 50,769 105,167 2019 Avg Household Income $88,598 $80,119 $82,073 2024 Projected Population 18,661 55,687 115,549 2019 Med Household Income $64,106 $61,050 $63,102

2010 Census Population 14,221 41,896 95,662 Income 2019 Estimated Per Capita Income $54,674 $42,490 $40,050 Proj Growth/Yr 2019 to 2024 1.9% 1.9% 2.0% 2019 Elementary (Grade 0 to 8) 1.9% 2.1% 2.8%

Population Hist Growth/Yr 2000 to 2019 2.8% 1.1% 0.5% 2019 Some High School (Grades 9 to 11) 3.4% 4.5% 4.9% 2019 Median Age 38.3 37.4 38.0 2019 High School Graduate 16.7% 20.9% 22.5% 2019 Estimated Households 10,496 26,669 50,972 2019 Some College 13.8% 16.4% 16.6% 2024 Projected Households 11,302 28,872 55,288 2019 Associates Degree Only 9.4% 9.6% 10.6%

2010 Census Households 8,370 22,007 44,169 (25+) Education 2019 Bachelors Degree Only 36.1% 30.8% 27.9% Proj Growth/Yr 2019 to 2024 1.5% 1.7% 1.7% 2019 Graduate Degree 18.6% 15.7% 14.6% Household Hist Growth/Yr 2000 to 2019 3.1% 1.7% 1.0% 2019 Est Total Businesses 4,911 9,912 14,122 2019 White 77.9% 67.8% 65.9% 2019 Est Total Employees 52,220 130,489 178,294 2019 African American 10.5% 20.8% 22.6% 2019 Est Employee Population/Business 10.6 13.2 12.6

2019 Asian/Pacific Islander 5.0% 4.7% 3.9% Businesses 2019 Est Residential Population/Business 3.5 5.1 7.4 2019 Indian/Alaskan 0.2% 0.3% 0.4% Lat/Lon: 28.5402/-81.3696 2019 Other Races 6.3% 6.4% 7.0% Race/Ethnicity 2019 Hispanic 19.3% 18.3% 19.6%

PAGE 11 V. CENTRAL FLORIDA OVERVIEW

205 S Eola Dr CENTRAL EXECUTIVE PROPERTY MARKET FLORIDA TABLE OF Orlando, FL SUMMARY DETAILS OVERVIEW OVERVIEW CONTENTS

EMPLOYMENT Central Florida’s economic prosperity resides not only in its global tourism destinations but through diverse economic sectors including high-tech, life sciences, healthcare, manufacturing, media and sports. Its collection of national headquarters include AAA, Westgate Resorts, Hard Rock International, Wyndham Vacation Ownership, SeaWorld Entertainment, Tupperware Brands, Darden Restaurants and more. The southeast quadrant of the Orlando MSA is home to Lake Nona’s “Medical City.” Located just minutes from the Orlando International Airport, Lake Nona is an 11-square-mile, master planned Tavistock community with nine residential developments and 14 educational facilities including three preschools, three elementary schools, two middle schools, two high schools and four colleges or universities. It’s most recognized project is its concentration of medical institutions including Nemours Children’s Hospital, the UCF College of Medicine, the UF Research and Academic Center, Sanford Burnham Prebys and the $620 million VA Medical Center. Central Florida’s most recognized project is its concentration of medical institutions including Nemours Children’s Hospital, the UCF College of Medicine, the UF Research and Academic Center, Sanford Burnham Prebys and the $620-million VA Medical Center. RANK EMPLOYER EMPLOYEES RANK EMPLOYER EMPLOYEES 1 Walt Disney World 74,200 6 Lockheed Martin 7,000 2 AdventHealth 28,959 7 Westgate Resorts 6,500 3 Universal Orlando 25,000 8 SeaWorld Parks 6,032 4 Orange Public Schools 24,629 9 Darden Restaurants 5,221 5 UCF 9,476 10 Siemens 4,448

Source: Orlando Business Journal, Orlando Economic Development Commission

PAGE 12 V. CENTRAL FLORIDA OVERVIEW

205 S Eola Dr CENTRAL EXECUTIVE PROPERTY MARKET FINANCIAL FLORIDA TABLE OF Orlando, FL SUMMARY DETAILS OVERVIEW ANALYSIS OVERVIEW CONTENTS

EDUCATION UCF FACTS 2018-19 The Orlando metro is home to 200,000 post-secondary students, with 65% THE UNIVERSITY OF CENTRAL FLORIDA, founded in 1963, is located in Orlando� UCF and studying in four state schools: the University of Central Florida, Seminole State its 13 colleges provide opportunities to 68,571 students, offering 189 bachelor’s and master’s degrees and 32 doctoral programs� Students come from all 50 states and 146 countries� College, Lake-Sumter State College and Valencia College. Its prestigious, private Unless otherwise indicated, figures are for Fall 2018. Degrees Conferred (as of Aug� 2018) Enrollment UCF at First Glance colleges include Rollins College and Full Sail University. Approximately 18 TOTAL ��68,571 Undergraduate ��58,913 INTERIM PRESIDENT THAD SEYMOUR JR. Freshman (New Admit) ��4,033 secondary or technical schools throughout the region offer workforce training Transfer (New Admit) ��6,907 270,881 52,722 4,857 1,156 PROVOST Graduate �� 9,168 ELIZABETH A. DOOLEY BACHELOR’S MASTER’S DOCTORAL SPECIALIST/ Medical Professional ��490 PROFESSIONAL CAREER PREPARATION across industries such as culinary, technology and automotive services. Satellite Hispanic/Latinx (26%), Black (11%), Asian (6�3%) and Multiracial (3�7%) TOTAL 329,616 • Students completed 18,585 internship, co-op and service- $57 million awarded to Bright Futures students learning experiences� campuses for the Barry University School of Law and Florida A&M College of Law (third-largest amount in Florida) Degree Programs $539�5 million in financial aid awarded and 72 percent • UCF awarded 2,338 baccalaureate of undergraduate students received financial aid TOTAL �� 224 degrees in STEM fields in 2016-17� Bachelor’s�� 101 are also in the heart of the downtown district. 324 National Merit Scholars enrolled, a UCF record • Career Services helped 45,250 Master’s �� 88 students search and complete for Research Doctoral �� 29 jobs in 2017-18� Fall Freshman Profile Professional Doctoral ��3 Specialist ��3 Average SAT Score �� 1328 TOP VALUE EDUCATION The University of Central Florida is America’s 2nd largest university with over Average ACT Score ��28�3 • At UCF, 50 percent of Average High School GPA (Weighted) ��4�12 Cost of Attendance first-time-in-college (estimated per year†) % students graduate with 50 68,000 students, 324 national merit scholars, 224 degree programs, 288,500 Fall Freshman Profile, IN-STATE no educational debt� The Burnett Honors College Tuition and fees $ 6,379 Books and supplies $ 1,200 • Kiplinger and Forbes rank TOTAL �� 524 Room and board $ 10,010 UCF among the nation’s alumni and a faculty of over 13,000. It is ranked in the top 100 public universities, best education values� Average SAT Score �� 1457 TOTAL $ 17,589 Average ACT Score ��32�1 OUT-OF-STATE Average High School GPA (Weighted) �� 4�46 Nonresident tuition and fees �� $22,479 QUALITY AND offers one of the best online programs (#14 in the U.S.) and is the 10th most †Based on 30 undergraduate credit hours, standard room and dining DIVERSITY % membership for 2018–19 academic year. • UCF’s six-year 72.6 Facilities graduation rate innovative university, all by the U.S. News & World Reports. Research Funding is 72�6 percent� 2017-18 ��$183 million • UCF set records for Endowment Assets diversity in the fall: 192 12,282 45,000 10,000 47�3 percent of 47.3% 192 Buildings Housing: Spectrum Addition June 30, 2018 ��$163�4 million students are Valencia College is the largest state college in Central Florida. Its longstanding 12,282 beds Stadium: Financial Arena: Operating Budget minorities and (includes 45,000-seat 10,000-seat 26 percent are Hispanic/Latinx� a liated) capacity capacity 2017-18 �� $1�7 billion history in workforce education has resulted in a 93% job placement rate, with Employees �� Top 15 Majors By Enrollment TOTAL 13,157 COLLECTIVE IMPACT starting salaries averaging $38,000. It currently offers five campuses throughout Teaching Faculty and Adjuncts �� 2,533 1 Psychology 9 Finance Staff members �� 10,624 UCF’S STRATEGIC PLAN 2 Health Sciences – 10 Hospitality • Harness the power of scale to Pre-Clinical Management Specialized Locations transform lives and livelihoods� the greater Orlando area with over 60,000 students in college and from its high 3 Biomedical Sciences 11 Criminal Justice • Executive Development Center • Attract and cultivate exceptional and diverse faculty, students and 4 Nursing 12 Accounting • Health Sciences Campus at Lake Nona staff whose collective contributions school credit applicants. Its partnership with the University of Central Florida 5 Mechanical 13 Sport and Exercise • Rosen College of Hospitality Management strengthen us� Engineering Science • UCF Downtown 6 Computer Science 14 Marketing • Deploy our distinctive assets to solve society’s greatest challenges� currently offers two joint facilities, with a third already underway. Integrated Business Interdisciplinary 7 15 UCF Connect Locations 8 Biology Studies • Create partnerships at every • Altamonte Springs • South Lake level that amplify our academic, • Cocoa • Valencia College School economic, social and cultural impact • Daytona Beach of Public Safety and reputation� • Leesburg • Valencia East • Innovate academic, operational and Rollins College, a private liberal arts school with an elite student body (3,000) Alumni MORE • Ocala • Valencia Osceola financial models to transform higher THAN288,500 • Palm Bay • Valencia West education� • Sanford/Lake Mary 1809MCA921 12/2018 1809MCA921 was ranked in 2015 as the “Nations Most Beautiful Campus” by the Princeton

UNIVERSITY OF CENTRAL FLORIDA Review. 4000 Central Florida Blvd� • Orlando, FL 32816 • 407�823�2000 ucf.edu Full Sail offers associates, bachelors and master’s degrees for the world of entertainment, media, arts, and technology. It’s 210 acres holds over 110 studios and labs for 15,000 students across 78 degree programs.

PAGE 13 These figures underscore a number of Note that where possible, the information important industry axioms. First, it all starts in this special section was taken from V.and ends CENTRAL with the guest experience, which FLORIDApublic filings and other corporate OVERVIEW is driven by “the story” and its realization at releases, with estimates made by AECOM the park, both of which require significant where information was unavailable or initial investment and regular reinvestment. insufficiently detailed. 205Second, the S importance Eola of attendance Dr as CENTRAL a metric is superseded by that of revenue, and ultimately profitability. Finally, if done EXECUTIVE PROPERTY MARKET FINANCIAL FLORIDA TABLE OF Oright,rlan it can be easierdo ,to getF Lvisitors to SUMMARY DETAILS OVERVIEW ANALYSIS OVERVIEW CONTENTS spend more than it is to get new visitors.

TOURISM Summary Indicators, Top Operators in Revenue grew Same Parks versus Top 25 Parks Top 25 parks North America, 2014 and 2015 Same parks $12,000 25% The greater Orlando area witnessedAs you canover see opposite, 72 million industry annual250M visitors last year; making it the most-visited volume as measured by theme park $10,000 destination in the U.S.; the first attendanceU.S. city has grownto reach steadily, both that 200Mmilestone. Its most popular destinations include 20% 20.5% © Cedar Point, Sandusky, OH, U.S. Walt Disney World’s Magic Kingdom,organically andEpcot, through newAnimal park Kingdom, Hollywood Studios, Universal Studios, 150M $8,000 REVENUE ATTENDANCE REVENUE PER CAPITA additions. Attendance at the top 25 15% Islands of Adventure and SeaWorld, respectively. Its abundant water attractions include Disney’s parks grew from 187 M in 2006 to 236 Attendance 100M 2014 $16.6B 186.8M $88.80 $6,000 Typhoon Lagoon and Blizzard Beach,M in 2015, withSeaWorld’s a 2.6% annual growth Aquatica and Universal’s newest waterpark, Volcano 12.7% 10% rate. At the 18 parks that were in the 50M 2015 $18.3B 199.5M $91.79 9.9% Bay, which opened in 2017. $4,000 list continuously over this period, 7.5% 0 2015 Change $1.7B 12.6M $2.99 6.6% 5% attendance grew from 151 M in 2006, 0 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 $2,000 to 192 M in 2015, equal to a 2.7% Domestic parks revenue ($ millions) revenue Domestic parks The Major League Soccer franchise self financed and developed its own facility to host soccer games. % Change 2014–15 10.4% 6.8% 3.4% growth rate. 0% $0 Using its own money, Orlando City Stadium is a $155 million stadium in downtown Orlando. The -0.5% 25,500-seat stadium has hosts both the men’s “Orlando City” team and the women’s “Orlando Pride.” 2014 -$2,000 -5% In 2017, the stadium hosted it’sShares first of internationalGlobal Attendance by RegionFIFA match, and attendance2006 was 4th in MLS, with 2015 2015 Merlin Disney Orlando City SC averaging over 25,000 attendees a game. % change The geographic distribution Six Flags Universal Sea World Cedar Fair of attractions has moved estimated Other downtown destinations includeeast across thethe globe Amway with Centre sports and concert arena and the Dr. Phillips Asia-Pacific now capturing 42% EMEA North America 32 Performing Arts Center. The Amwayof the world’s Centre major attractions, is a $480 million facility in the heart of downtown Orlando up from 35% 10 years ago. 2006 2015 Asia-Pacific Attendance grew Revenue per attendee was mixed that opened in October 2010 and is home to the Orlando Magic13% (NBA),11% Orlando Predator (AFL) and Orlando Solar Bear (ECHL) games. The Dr. Phillips Center is a 103 foot, 3,035-seat theatre that opened $140 12% 100 16% 2006 2015 in 2014 and already has its “Phase 2” scheduled to accommodate52% 47% another 2,2702006 2015 seats. 90 15.0% $120 10% 14% 35% 42% 10.3% 80 $100 8% 12% 70 Major Parks' Share of Global Attendance 11.0% 10% $80 6% 60 THEME PARK VISITORS 9.3% And with regard to ownership, 4% 50 8% $60 while the industry has certainly 30% 29% 3.7% Walt Disney World 19,332,000 Disney 40 $40 2% welcomed a number of high 6% Universal 6.0% quality new operators, market 2006 57% 2015 55% 1.6% Other Top 30 Epcot 11,454,000 13% 17% 4.9% 4% $20 0% share has actually consolidated 25 parks Domestic parks revenue per attendee revenue Domestic parks Domestic parks attendance (millions) attendance Domestic parks 20 under the two majors, Disney -0.8% 2% $0 -2% Disney’s Animal Kingdom 10,402,000 10 and Universal. -2.0%

0 0% -$20 -3.2% -4% Disney’s Hollywood Studios 10,312,000 0.3% It has been a good decade overall, and we look Merlin Merlin Universal Studios Orlando 8,236,000 Disney Disney Six Flags Six Flags Universal Universal Sea World Sea World Cedar Fair Cedar Fair forward to what the next one will bring. Source: Visit Orlando

PAGE 14 V. CENTRAL FLORIDA OVERVIEW

205 S Eola Dr CENTRAL EXECUTIVE PROPERTY MARKET FINANCIAL FLORIDA TABLE OF Orlando, FL SUMMARY DETAILS OVERVIEW ANALYSIS OVERVIEW CONTENTS

TRANSPORTATION The Central Florida populous is connected by the I-4 corridor to the north and south, the Florida Turnpike to the east and west and the welcomed connection across Florida’s 429, 417, 528, 417, 414 and 408 expressways. The toll road project (projected to cost approximately $1.2 billion) will loop from Mount Dora / Lake Mary in the north, Oviedo / UCF to the east, Kissimmee / St. Cloud to the south and Winter Garden / Clermont to the west. This effort to connect its residents to major employers and leisure destinations has created 12,328 jobs, a cumulative savings of $22.3 million for businesses, and 32 hours of travel time per household. Furthermore, an estimated $143 million in reduced accident costs and overall $700 million in wages and income for the State. Interstate-4 is also experiencing a 21-mile, $2.3 billion reconstruction and widening effort over the next six years. Details on this project can be found at http://i4ultimate.com/ project-info/future-i-4/. The recently completed SunRail commuter train runs north and south parallel to the I-4 corridor and stretches from Seminole to Osceola county. The line currently features 12 convenient stations. A Phase 2 extension from Deland to Poinciana and downtown to the Orlando International Airport will add another five stations and open in 2017, according to http://sunrail.com/. The Orlando International Airport, among the nation’s busiest, is also experiencing tremendous growth with a $1.1 billion expansion and connecting, multi-modal rail station for express trains along a 235-mile route. Expansions include a six-story parking garage and connections between Central Florida’s Sunrail and Miami’s Brightline high-speed trains.

AIRPORT ACTIVITY ORLANDO INTL SANFORD INTL Domestic Passengers 47,696,627 2,626,363 International Passengers 6,600,640 296,083

PAGE 15 CONTACT LANDQWEST

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423 S. Keller Road Suite 400 Orlando, FL 32810

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LandQwest Commercial pioneers industry standards by being a “marketing company that provides commercial real estate and property management services.” We offer a corporate structure with personalized brokerage and property management services. With offices in Central, West Central and Southwest Florida, LandQwest is dedicated to providing extraordinary services to both entrepreneurs and institutional customers.