Orlando, FL
Four Single Story Office/Light Industrial Buildings with Excellent In-Place Metrics and an Above Market Parking Ratio in Orlando, One of Florida’s Most Vibrant Markets.
OFFERING SUMMARY EXECUTIVE SUMMARY Holliday Fenoglio Fowler, L.P. (“HFF”) has been retained to exclusively offer qualified investors the opportunity to acquire Lakefront I & II (the “Property”), four single story suburban office and light industrial buildings advantageously located within the 12 million square foot office and light industrial Orlando Central Park in the South Orlando submarket of Florida. The Property has a combined total of 192,767 leasable square feet, which sit on 6.2 acres containing an above market parking ratio of 6.8 per 1,000 RSF via two separate land leases to third party owners. The Lakefront I & II buildings are situated just East of S. John Young Parkway and South of W. Oak Ridge Road. Combined, the buildings enjoy an occupancy of 88.3% comprised of 8 tenants.
LAKEFRONT I & II PROPERTY SUMMARY Address 6101 to 6251 Chancellor Drive Orlando, FL 32809 Location Orlando Central Park No. of Buildings Four Stories Single Type Office/Light Industrial Net Rentable SF 192,767 Year Built 1986 to 1988 Clear Ceiling Height 9' with ability for 12' Occupancy % 88% Site Size (Acres)1 6.2 Excluding Ground Leases Parking On-Site 4.4/1,000 RSF Including Parking Leases 6.8 per 1,000 RSF 1 Additional 2.525 Acres available on the adjacent South Lot ground lease and additional parking from North Lot lease agreement. INVESTMENT HIGHLIGHTS Lakefront I & II comprises four single story office/light industrial buildings with a diverse tenant base in the highly sought after South NORTH Orlando submarket, offering excellent access, high quality space LOT and an above market parking ratio of 6.8 per 1,000 RSF.
STABILIZED RENT ROLL Current ownership has been successful in a long term extension through 2023 with the property’s largest tenant which occupies 36% of the total SF. This gives incredible stability to a new buyer. The combined rollover through calendar year 2020 is a paltry 30% with S TEXAS AVENUE the first expiration in April of 2018. Additionally, there are 3 vacant bays totaling 23,000 SF that a new owner has the ability to lease and gain additional income.
LEASING EXPIRATION (Existing Tenants Only) 70,000 100% 6101 90% 60,000
80% G
50,000 I N
70% I R P G