Falcon Square

14600 Avenue of the Groves, Winter Garden, FL 34787

Description Jones Lang LaSalle Americas, Inc. (JLL) as exclusive advisor, is pleased to present the opportunity to acquireFalconSquare at Independence (the Property), a 379-unit, 3-story garden style community located in the Orlando MSAs most desirable submarket, in the heart of one of the nations fastest growing master-planned communities, Horizon West. The Property, comprised of 11 concrete block buildings complete with garages and average unit sizes of 1,122 square feet, offers residents a spacious, yet cozy neighborhood feel and an expansive community amenity package, complete with Basketball Courts, Tennis Courts, Fitness Center and a Resort Style Pool.FalconSquares unbeatable location in Horizon West, allows for convenient access to top-tier schools, outstanding lifestyle & retail centers and immediate accessibility to State Road 429, which provides superior freeway connectivity throughout the Orlando MSA. Completed in 2008,FalconSquare presents a compelling opportunity for new ownership to further implement a renovation program beyond the previous moderate upgrades and to apply rent premiums that are easily supported by the submarkets strong performance in multi-housing fundamentals. As the Submarkets rent ceiling continues to be redefined,FalconSquare offers investors strong upside potential via rent growth evidenced by the propertys recent lease trade outs averaging in the mid-teens. Highlights Compelling Value-Add Opportunity Unique Concrete Block Construction Significant Rent Growth Upside Superior Horizon West location Excellent Quality of Life with Convenient Access to Employment & Demand Drivers Outstanding Multi-Housing Market Fundamentals

Contact

Broker or Owner Contact
Jay Ballard
,
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 425
Building Size 4544437
Site Size (acres)
Zoning
Year Built 2008
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 28.4625302
Longitude -81.6031162
County Orange 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