Orange Blossom Plaza | NNN | 2024 Construction
5919 Woods Ave,
Orlando,
FL 32805
Description Marcus & Millichap is pleased to present Orange Blossom Plaza. The property is comprised of two buildings with the opportunity to host a total of three tenants. Currently, the property is 100% leased. The subject property totals approximately 10,000 rentable square feet of building space on a total estimated1.50 AC parcel of land. This unique investment opportunity has direct frontage on Orange Blossom Trail to over 60,000 vehicles per day. In addition, W Oak Ridge Road has a traffic count of over 26,000 vehicles per day. Orlando, Florida, has a diverse and robust economy driven primarily by tourism, technology, and healthcare. The city is famous for its world-renowned theme parks, including Walt Disney World and Universal Studios, which attract millions of visitors annually. Orlando is also a significant tech hub, with a growing presence of companies in software, aerospace, and defense industries. Additionally, the healthcare sector is strong, supported by major hospitals and research institutions. The city benefits from a thriving convention and conference industry, bolstering its economic landscape. Major surrounding retailers include Dunkin, AMSCOT, Walgreens, CVS, Papa Johns, Charleys, McDonalds, Walmart, and many more. Highlights BRAND NEW CONSTRUCTION: Orange Blossom Plaza consists of Two Newly Constructed Buildings with Fresh Leases. TRUE NNN LEASE STRUCTURE: Tenants reimburse for Common Area Maintenance, Admin, Insurance, & Property Taxes, Including Reserves for Replacements of Major Capital Expenditures. HEDGE AGAINST INFLATION: 73.6% of Rent Roll has New 10-Year Leases with 3% Annual Rent Escalations (Remaining Unit has 10% Increase Every 5 Years). STRATEGIC LOCATION: Property is Located on Orange Blossom Trail (60,000 VPD) with access from/to Oakridge Road (26,000 VPD). NEW CONSTRUCTION WARRANTIES: Property is newly constructed with Roof&HVACWarranty. DEMOGRAPHICS: Approximately 316,000 total population within a 5-mile radius in 2023 with projected growth by 2028 to a total population of almost 336,000. FLORIDA, SUNSHINE STATE: Florida is an Income Tax-Free State. Florida Chamber Foundation Predicts that Florida's population is expected to grow by another 225,000-275,000 new residents in 2024.
Contact
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Broker or Owner Contact
Tarek
Chbeir
,
Phone: (407) 557-3834
tarek.chbeir@marcusmillichap.com
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ED Contact
Robert
Collins
Orlando Utilities Commission
100 W Anderson St
Orlando,
FL
32801
Phone: (407) 423-9100
rcollins@ouc.com
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Building
| Property ID |
1244 |
| Building Size |
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| Site Size (acres) |
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| Zoning |
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| Year Built |
2024 |
| Number of Drive-In Doors |
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| Number of Dock-In Doors |
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| Clearance Height |
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| Drive-in Doors |
no |
| Sprinklered |
no |
| Parking Ratio |
0 |
| Updated |
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| Number of Parking Spaces |
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| Parking |
no |
| HVAC |
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Pricing
| For Sale |
yes |
| Sale Price |
5000000 |
| For Lease |
no |
| Lease Type |
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| Lease Cost |
0 |
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Geographic and Infrastructure
| Latitude |
28.503616 |
| Longitude |
-81.3949511 |
| County |
Orange County |
| Rail Access |
no |
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Utilities
| Service to Property |
no |
| Electric Provider |
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| Gas On Site |
no |
| Gas Provider |
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| Water On Site |
no |
| Water Provider |
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| Fiber Optics |
no |
| Telecom on Site |
no |
| Sewer On Site |
no |
| Sewer provider |
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Unused Data Points
| status |
Active |
| businesspark |
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| buildingtypes |
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| contiguous |
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| divisiblefrom |
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| saleprice |
5000000 |
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| dockhigh |
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| divisible |
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| loadbearing |
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| multitenant |
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| shovelready |
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| networked |
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| phase1 |
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| thumbnail |
https://storage.googleapis.com/simplifi-dev/images/a92c94f9/orange-blossom-plaza-nnn-2024-construction-88789e06-thumb.jpg |
| image1 |
https://storage.googleapis.com/simplifi-dev/images/a92c94f9/orange-blossom-plaza-nnn-2024-construction-88789e06.jpg |
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https://storage.googleapis.com/simplifi-dev/images/a92c94f9/orange-blossom-plaza-nnn-2024-construction-aa87ac44.jpg |
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| cranes |
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| callCenter |
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| airconditioned |
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| electricvolts |
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| expandableYesNo |
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| cranesUnderHook |
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| refrigeratedSF |
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| docksLevel |
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| overrideimport |
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| createdBy |
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| description_lower_first |
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