Solamar Kissimmee

Old Vineland Rd, , FL 34746

Description Jones Lang LaSalle Americas, Inc. (JLL) is pleased to present the opportunity to acquire Solamar Kissimmee, a Class A build-to-rent villa and townhome development in the Orlando MSA, via a forward-sale. The 210-unit community, will feature a mix of two and three-bedroom units designed over 35 buildings, with six attached one and two-story housing types with private entrances and backyards, providing a premium experience over conventional multifamily and offering tenants a true home feeling. The Property is strategically located minutes from NeoCity, a 500-acre master planned technology district that is currently under construction and is set to become a global center for smart sensors, photonics, nanotechnology R&D, and big data/predictive analysis. Set to be delivered in phases, Solamar Kissimmee will be at or close to stabilization by Final Project CO (March 2023), providing the purchaser a rare opportunity to acquire a Core asset at a Value-Add purchase price. Highlights Single-Family-Rental In High Demand by Tenants, Driven by a Shift in Consumer Preferences Below Market-Value Forward Acquisition Opportunity with Cash Flow in Place by Closing Orlando MSA rents skyrocket 13.3% since the start of 2021, ranking it fourth nationally (CoStar Group - July 9th, 2021). Orlando MSAs Rent Growth Projected at 33% Over The Next 5 Years Experienced Development Team with Significant Track Record Excellent Quality of Life with Convenient Access to Employment & Demand Drivers

Contact

Broker or Owner Contact
Max La Cava
,
Phone:
ED Contact
Robert Collins
Orlando Utilities Commission
100 W Anderson St
Orlando, FL 32801
Phone: (407) 423-9100
rcollins@ouc.com

Building

Property ID 1166
Building Size 233940
Site Size (acres)
Zoning
Year Built
Number of Drive-In Doors
Number of Dock-In Doors
Clearance Height
Drive-in Doors no
Sprinklered no
Parking Ratio 0
Updated
Number of Parking Spaces
Parking no
HVAC

Pricing

For Sale yes
Sale Price 0
For Lease no
Lease Type
Lease Cost 0

Geographic and Infrastructure

Latitude 28.3127211
Longitude -81.4602733
County Osceola County
Rail Access no

Utilities

Service to Property no
Electric Provider
Gas On Site no
Gas Provider
Water On Site no
Water Provider
Fiber Optics no
Telecom on Site no
Sewer On Site no
Sewer provider