office sale-leasback...balconies and large open area for work stations. other amenities at the plaza...
TRANSCRIPT
NNN INVESTMENT SALEOFFICE SALE- LEASBACK
LUXURY OFFICE SUITES | UNITS 1550 & 1570 | 6,480 ± SF
Lease Commencement COE
Lease Expiration 3 years after COE
Lease Renewals Four, 2 year renewal options
Initial Rent $16/SF NNN
Rent Escalation 3% annual
Rentable Area 6,480 SF
Year 1 NOI $103,680.00
Cap Rate 8.00%
Asking Price $1,296,000
Price/SF $200.00
Lease Commencement COE
Lease Expiration 3 years after COE
Lease Renewals Five, 2 yr renewal options
Initial Rent $16 NNN
Rent Escalation 3% annual
Jordan Companies will sell the two luxury office condo units, 1550 and 1570, and lease them back for three years, with four (4) renewal options of two years each. The sale-leaseback will offer an investor the opportunity to acquire two fully built-out office condos that have been customized and built-out with high-end finishes, amazing views of downtown in The Plaza towers centrally located in downtown Orlando. The offering provides for a triple-net lease, NNN, a passive investment opportunity, whereby the tenant will pay the investor monthly rent, and also pay directly, taxes, insurance, association dues and any maintenance required during occupancy over the lease term and any renewals. With annual rent increases, the investment offers a hedge against inflation, while affording the investor the opportunity to take advantage of the new tax laws and quickly depreciate the improvements.
PROPERTY FEATURES
The Plaza South Tower is a 20-story office building in downtown Orlando, Florida. Completed in 2006, the building is part of a three building mixed-use complex known as The Plaza. The other buildings include the Solaire at the Plaza, which is residential condominiums, and The Plaza North Tower.
The Plaza office spaces feature multiple conference rooms, private work or collaborative rooms, snack bars, server rooms, movie or game rooms, multiple back lit projection screens, balconies and large open area for work stations.
Other amenities at the Plaza Complex include a movie theater, restaurants and an onsite parking garage. The Plaza Tower Complex is within walking distance of the City of Orlando government building, the Amway Center and the Dr. Phillips Center for the Performing Arts.
Jordan Company is a fully integrated general contracting, construction management and civil engineering company specializing in the design and construction of Community Centers, Streetscapes, Parks, and Commercial Developments. Jordan is a professional, well managed, financially stable company that is interested in building relationships with quality companies in the central Florida market.Our family owned and operated companies were established in 2002 to respond to an increasing demand for honest, experienced, and responsible consultants, construction managers, and contractors in the Central Florida area. Jordan has performed construction management, construction engineering inspection, and general contracting services for some of the area’s signature real estate development and construction projects including Baldwin Park, Celebration, and Flamingo Crossings. Our team has construction and project management experience in many areas including infrastructure, streetscape improvements, pedestrian bridges, themed area development, parks, pools, splash pads, and clubhouses.
ABOUT
On-site Management
On site, 24 Hour Security
On-site Parking Garage
Restaurant, Banking, and 12 Screen Movie Theatre
“Main and Main” Location, Heart of Downtown Orlando
On-site Convenience Store
HIGHLIGHTS
FLOOR PLAN
9'-0"
10'-10 12 "
2'-3 12 "
10'-012"
6 12 "
3'-5"
1'-8 12 "
30'-8"
14'-7"
12'-10"
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The Amway Center
Five minute walk from the Church Street Sunrail Station
The Orlando City Stadium
The Dr. Phillips Center for the
Performing Arts
The Camping World Stadium
Church Street and Orange Avenue “Main & Main
Location
MARKET AERIAL
1
2
3
4
5
Dr. Phillips Center for the Performing Arts
Orlando City Hall and CNL Center
Lincoln Plaza
SunTrust Center
Grand Bohemian Hotel
1
2
3
4
5
6
7
8
6
7
8
9
10
11
12
13
14
The Citrus Center
55 West
20 N Orange
Regions Bank
111 N Magnolia
Capital Plaza
Capital Plaza- Tower II
The Waverly on Lake Eola
The Paramount on Lake Eola
WalkBike shareLYMMOLYNXSunRailCar shareSmart parkingPedicabsSwan boatsMobility fluidity intersects here
IN THE HEART OF DOWNTOWN
Spend less time getting there
4SunRail stations in DTO
25Minutes from the Orlando International Airport (MCO)
9.7Miles of LYMMO rapid transit circulating throughout DTO
6Car share locations
Trade miles per hour for moments per hour
8Pedal-powered swan boats
901Miles of sidewalk
23Bike share pick up locations
265Miles of bike lanes
Orlando’s Amazon HQ2 Proposal, Lauren Martinez “http://blog.orlandoedc.com/blog/orlando-amazon-hq2-proposal” June 28, 2018.
DEMOGRAPHICS 1 MILE 3 MILES 5 MILES
2018 Population 19,113 97,097 290,884
2023 Population (Projected) 21,636 106,035 314,767
2018 Total Households 10,517 45,709 120,822
2023 Total Households (Projected) 12,179 50,393 131,235
2018 Average HH Income $77,231 $77,334 $70,877
2023 Average HH Income (Projected) $96,113 $92,872 $84,401
2018 Median Age 38.6 38.6 38.6
DEMOGRAPHICS
