428 & 416 South Division Avenue

OFFERING MEMORANDUM 428 & 416 South Division Avenue

ORLANDO, FLORIDA 32805

OFFERING MEMORANDUM

KW COMMERCIAL PRESENTED BY: 407.207.0825 9161 Narcoossee Road, Ste. 107 DANIEL FREES DESMOND POLLOCK Orlando, FL 32827 Director Associate 0: 407.384.0445 O: 407.334.8664 [email protected] [email protected] LAND FOR SALE 428 & 416 SOUTH DIVISION AVENUE ORLANDO, FLORIDA 32805

OFFERING SUMMARY PROPERTY OVERVIEW Two (2) land parcels offered for sale in the heart of Downtown Orlando. The properties lie within the City of Orlando's Paramore Comprehensive Neighborhood SALE PRICE - 428 S. DIVISION: $1,764,150 Plan, and already are approved for dining and entertainment forward planning zoning. Additionally, these properties are located within the Federal QualiIed Opportunity Zone Fund Program. This excellent purchase opportunity is poised for a multitude of zoning conIgurations to allow a state-of-the-art Downtown Orlando $2,697,600 SALE PRICE - 416 S. DIVISION: development project. Two (2) of the only parcels of land currently available for purchase located a block away from the Orlando Magic's $200 Million entertainment complex. The properties are strategically located near the Anderson Street Interstate 4 interchange that has $7.5 Billion of surrounding new SIZE - 428 S. DIVISION: 11,761 SF construction.

PROPERTY HIGHLIGHTS SIZE - 416 S. DIVISION: 17,984 SF • Federally QualiIed Opportunity Zone. • Located within the Residential Mixed-Use District of the Paramore Plan.

ZONING: R-3B • Walking distance to Amway Center, Orlando City Soccer Stadium, and the new Orlando Magic Development Project. • Uniquely Entitled to Economic Development Incentives According to the PRICE / SF: $150.00 Paramore Comprehensive Neighborhood Plan. • Poised for a Commercial Mixed-Use Redevelopment Land Use Amendment.

KW COMMERCIAL DANIEL FREES DESMOND POLLOCK 407.207.0825 Director Associate 9161 Narcoossee Road, Ste. 107 0: 407.384.0445 O: 407.334.8664 Orlando, FL 32827 [email protected] [email protected]

We obtained the information above from sources we believe to be reliable. However, we have not veri9ed its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or 9nancing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction. Each Office Independently Owned and Operated kwcommercial.com LAND FOR SALE 428 & 416 SOUTH DIVISION AVENUE ORLANDO, FLORIDA 32805

KW COMMERCIAL DANIEL FREES DESMOND POLLOCK 407.207.0825 Director Associate 9161 Narcoossee Road, Ste. 107 0: 407.384.0445 O: 407.334.8664 Orlando, FL 32827 [email protected] [email protected]

DOWNTOWN ORLANDO DEVELOPMENT ACTIVITY 428 & 416 SOUTH DIVISION AVENUE ORLANDO, FLORIDA 32805

NOTABLE DOWNTOWN ORLANDO DEVELOPMENT PROJECTS: PROJECT INFORMATION: INDUSTRY OVERVIEW: Magnolia Mixed-Use Development: $64.5 Million • 80,047 Total Jobs in Downtown Orlando Sports Entertainment District: $200 Million • Median Age: 37.3 Years Old 333 North Rosalind: $95 Million • Four (4) Major Professional Sports Teams • Average Household Income: $73,286 520 East: $88 Million • Total of 1,664 Acres Creative Village: $1 Billion • Free Downtown Public Transportation Suntrust Plaza At Church Street Station: $125 Million • Average of 1.65 Persons Per Houshold Camping World Stadium: $207.7 Million Citi Tower: $57 Million

KW COMMERCIAL DANIEL FREES DESMOND POLLOCK 407.207.0825 Director Associate 9161 Narcoossee Road, Ste. 107 0: 407.384.0445 O: 407.334.8664 Orlando, FL 32827 [email protected] [email protected]

We obtained the information above from sources we believe to be reliable. However, we have not veri9ed its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or 9nancing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction. Each Office Independently Owned and Operated kwcommercial.com 416 & 428 S. DIVISION AVENUE 3 | SALE COMPARABLES Sale Comps

Subject Property

416 & 428 South Division Avenue | Orlando, FL 32805 Sale Price: $4,468,200 Lot Size: 28,685 SF Price PSF: $155.77 Price / AC: $6,785,246

Currently zoned for multi-family development. However, the property lies within the City of Orlando's approved dining and entertainment forward planning zoning. This excellent purchase opportunity allows for a multitude of zoning con?gurations to allow a state of the art Downtown Orlando development project. One of the only parcels of land currently available for purchase located a block away from the Orlando Magic's $500 Million entertainment complex. The property is strategically located near the Anderson Street Interstate 4 interchange that has $7.5 Billion of surrounding new construction. Downtown Orlando is poised for one to be one of the premier tourist destinations across the United States. Current offering could be combined with three (3) additional parcels that would total 1.091 acres. 1 320 Palmetto Street Orlando, FL 32801 1 Sale Price: $852,200 Lot Size: 6,534 SF Price PSF: $130.43 Price / AC: $5,681,333 Closed: 11/01/2018

On 11/1/2018, the 0.15 acres of land at 320 Palmetto St, Orlando, FL, 32801, was sold for $852,200 or $5,681,33.33 per acre. The seller could not be reached, but the buyer conIrmed everything and said they will be building a commercial property on the land. The details of the new development were not given.

2 514 E. Church Street Orlando, FL 32801 2 Sale Price: $11,303,690 Lot Size: 1.78 Acres Price PSF: $145.78 Price / AC: $6,350,387 Closed: 04/11/2018

On April 11, 2018, this 1.78 acres plot of land at 500,506 & 541 E Church St. Orlando sold in an Investment sale for $11,303,690. This land is located in Orange County with all utilities to site. There were no given sales conditions which affected the sales price up or down. The parties involved were not at liberty to disclose any of the vital data, or were unable to be contacted. All information is based on recorded documents and county assessor records. 3 500, 506 E. Church Street Orlando, FL 32801 3 Sale Price: $1,614,647 Lot Size: 0.26 Acres Price PSF: $142.57 Price / AC: $6,210,180 Closed: 04/11/2018

Each Office Independently Owned and Operated kwcommercial.com 10 416 & 428 S. DIVISION AVENUE 3 | SALE COMPARABLES Sale Comps Summary

SUBJECT PROPERTY PRICE BLDG SF LOT SIZE PRICE/SF PRICE/AC CAP

416 & 428 S. Division Avenue 416 & 428 South Division Avenue $4,468,200 - 0.66 AC $155.77 $6,785,246 - Orlando, FL 32805

SALE COMPS PRICE BLDG SF LOT SIZE PRICE/SF PRICE/AC CAP 1 320 Palmetto Street Orlando, FL $852,200 - 0.15 AC $130.43 $5,681,333 - 32801

2 514 E. Church Street Orlando, FL $11,303,690 - 1.78 AC $145.78 $6,350,387 - 32801

3 500, 506 E. Church Street Orlando, FL $1,614,647 - 0.26 AC $142.57 $6,210,180 - 32801

PRICE BLDG SF LOT SIZE PRICE/SF PRICE/AC CAP Totals/Averages $4,590,179 - 0.73 AC $144.35 $6,287,916 -

Each Office Independently Owned and Operated kwcommercial.com 11 416 & 428 S. DIVISION AVENUE 3 | SALE COMPARABLES Sale Comps Map

SUBJECT PROPERTY 416 & 428 South Division Avenue | Orlando, FL 32805

1 320 PALMETTO STREET 2 514 E. CHURCH STREET Orlando, FL Orlando, FL 32801 32801

3 500, 506 E. CHURCH STREET Orlando, FL 32801

Each Office Independently Owned and Operated kwcommercial.com 12 LAND FOR SALE

DOWNTOWN ORLANDO COMMUNITY REDEVELOPMENT MAP

428 & 416 SOUTH DIVISION AVENUE ORLANDO, FLORIDA 32805

KW COMMERCIAL DANIEL FREES DESMOND POLLOCK 407.207.0825 Director Associate 9161 Narcoossee Road, Ste. 107 0: 407.384.0445 O: 407.334.8664 Orlando, FL 32827 [email protected] [email protected]

POPULATION 1 MILE 3 MILES 5 MILES

Total population 11,842 94,213 263,554

Median age 37.6 36.5 35.4

Median age (male) 37.3 34.9 33.7

Median age (Female) 38.0 37.9 37.2

HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES

Total households 5,214 40,471 106,328

# of persons per HH 2.3 2.3 2.5

Average HH income $49,157 $62,886 $61,847

Average house value $357,370 $322,582 $306,690

* Demographic data derived from 2010 US Census

KW COMMERCIAL DANIEL FREES DESMOND POLLOCK 407.207.0825 Director Associate 9161 Narcoossee Road, Ste. 107 0: 407.384.0445 O: 407.334.8664 Orlando, FL 32827 [email protected] [email protected]

We obtained the information above from sources we believe to be reliable. However, we have not veri9ed its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or 9nancing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction. Each Office Independently Owned and Operated kwcommercial.com LAND FOR SALE FEDERAL OPPORTUNITY ZONED 428 & 416 SOUTH DIVISION AVENUE ORLANDO, FLORIDA 32805

WHAT ARE OPPORTUNITY ZONES? • Opportunity Zones are low income census tracts nominated by governors and certiIed by the U.S. Department of the Treasury into which investors can now put capital to work Inancing new projects and enterprises in exchange for certain federal capital gains tax advantages. The country now has over 8,700 Opportunity Zones in every state and territory.

WHAT ARE THE INCENTIVES? • A temporary deferral for Capital Gains reinvested within the Opportunity Fund. • A step-up in basis for capital gains reinvested in an Opportunity Fund. • A permanent exclusion from taxable income of capital gains from the sale or exchange of an investment in a qualiIed opportunity zone fund, if the investment is held for at least 10 years. • *Source: Economic Innovation Group. (www.eig.org)

KW COMMERCIAL DANIEL FREES DESMOND POLLOCK 407.207.0825 Director Associate 9161 Narcoossee Road, Ste. 107 0: 407.384.0445 O: 407.334.8664 Orlando, FL 32827 [email protected] [email protected]

We obtained the information above from sources we believe to be reliable. However, we have not veri9ed its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or 9nancing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction. Each Office Independently Owned and Operated kwcommercial.com 416 & 428 S. DIVISION AVENUE 5 | ADDITIONAL INFORMATION Advisor Biography

DANIEL FREES PROFESSIONAL BACKGROUND Director Daniel Frees is a Director at KW Commercial. Daniel specializes in all aspects of commercial real estate transactions in the greater Orlando region. Daniel represents Owners, Tenants, Investors, Buyers and Sellers of commercial real estate.

Before beginning his career at KW Commercial, Daniel joined DAUM Commercial Real Estate Services located in Los Angeles, California in 2012 specializing in all aspects of commercial brokerage services. Daniel has previously worked for companies such as Merrill Lynch and Brentwood Asset Advisors where he assisted clients in ?nancial planning and asset allocation.

Daniel resides in Lake Nona where he enjoys playing golf and spending time with family.

9161 Narcoossee Road, Ste. 107 EDUCATION Orlando, FL 32827 T 407.384.0445 Pepperdine University, Malibu, California, B.A. in Economics, with a Minor in [email protected] Marketing

Each Office Independently Owned and Operated kwcommercial.com 16 416 & 428 S. DIVISION AVENUE 5 | ADDITIONAL INFORMATION Advisor Biography

DESMOND POLLOCK PROFESSIONAL BACKGROUND Associate As a native of Central Florida, Desmond Pollock moved to the Orlando area ten years ago from New York. Desmond has a vast background in Marketing, Negotiations, and Customer Service. After leaving another successful team in 2018, Desmond created the Encore Investment Group as the Founder and CEO. Desmond has a "client ?rst" approach to his business in all aspects. Desmond specializes in all areas of Commercial Real Estate dispositions for developments and investments. His vast knowledge and work ethic in the sales of investment properties has earned him many accolades and a reputation within the Central Florida Market as an expert.

Desmond enjoys spending time with his wife and two boys. He volunteers as a little league coach to his children, teaches investment and disposition classes in various market centers, and participates in various social networking organizations.

9161 Narcoossee Road, Ste. 107 Orlando, FL 32827 T 407.334.8664 [email protected]

Each Office Independently Owned and Operated kwcommercial.com 17 OFFERING MEMORANDUM Confidentiality & Disclaimer

ORLANDO, FL

All materials and information received or derived from KW Commercial its directors, officers, agents, advisors, affiliates and/or any third party sources are provided without representation or warranty as to completeness , veracity, or accuracy, condition of the property, compliance or lack of compliance with applicable governmental requirements, developability or suitability, financial performance of the property, projected financial performance of the property for any party’s intended use or any and all other matters.

Neither KW Commercial its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as to accuracy or completeness of the materials or information provided, derived, or received. Materials and information from any source, whether written or verbal, that may be furnished for review are not a substitute for a party’s active conduct of its own due diligence to determine these and other matters of significance to such party. KW Commercial will not investigate or verify any such matters or conduct due diligence for a party unless otherwise agreed in writing.

EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE.

Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspections and investigations including through appropriate third party independent professionals selected by such party. All financial data should be verified by the party including by obtaining and reading applicable documents and reports and consulting appropriate independent professionals. KW Commercial makes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial data or assumptions. KW Commercial does not serve as a financial advisor to any party regarding any proposed transaction.

All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data or performance. Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents can be established at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as market conditions,vacancy factors and other issues in order to determine rents from or for the property. Legal questions should be discussed by the party with an attorney. Tax questions should be discussed by the party with a certified public accountant or tax attorney. Title questions should be discussed by the party with a title officer or attorney. Questions regarding the condition of the property and whether the property complies with applicable governmental requirements should be discussed by the party with appropriate engineers, architects, contractors, other consultants and governmental agencies. All properties and services are marketed by Orlando Lake Nona in compliance with all applicable fair housing and equal opportunity laws.

PRESENTED BY:

KW COMMERCIAL DANIEL FREES DESMOND POLLOCK 407.207.0825 Director Associate 9161 Narcoossee Road, Ste. 107 0: 407.384.0445 O: 407.334.8664 Orlando, FL 32827 [email protected] [email protected]

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.