639 W Robinson Street

639 W Robinson St, Orlando, FL 32801

Description Franklin Street is pleased to present this Industrial building located in Orlando, Florida. This investment offering consists of 15,569 sf of Industrial/warehouse space with a total of 0.88 acres of land (38,517 SF). The offering includes a Net Lease tenant with the landlord only responsible for the roof and structure and real estate taxes. The tenant in place is a manufacturing company and has 2.10 years remaining on their five (5) year term. The lease also includes two (2) x five (5) year lease terms with 2% annual rent increases. This property is situated on the signalized corner of W Robinson St & N Parramore Ave which experiences 11,200 vehicles per day. The property is located in the heart of Orlando, making it close to many of Florida's major theme parks and airports. This industrial building facility has easy access to major throughways like the I-4 expressway (165,000 VPD) and Route 408 (115,500 VPD). The property is also within walking distance to the Camping World Stadium which hosts many major sports and entertainment events and also the Amway Center where the Orlando Magic basketball team plays. The property is also within minutes of some of Florida's major amusement parks like Universal Studios which received 10.75 million visitors in 2022 and SeaWorld which received 4.45 million visitors in 2022. Take advantage of the JMA Ventures and Machete Group development planned in the Orlando Sports and Entertainment District, including a new 260-room hotel with 16,000 SF of meeting and conference space, 270 residential unit apartments, 200,000 SF of Class A office space, 125,000 SF of retail, and a 3,500-seat live concert venue, directly adjacent to the Orlando Magics Amway Center. Orlando is a city in the U.S. state of Florida and is the county seat of Orange County. In Central Florida, it is the center of the Orlando metropolitan area, which had a population of 2,509,831, according to U.S. Census Bureau figures released in July 2017, making it the 23rd-largest metropolitan area in the United States, the sixth-largest metropolitan area in the Southern United States, and the third-largest metropolitan area in Florida behind Miami and Tampa. As of 2019, Orlando had an estimated city-proper population of 287,442, making it the 71st-largest city in the United States, the fourth-largest city in Florida, and the state's largest inland city. The City of Orlando is nicknamed "the City Beautiful", and its symbol is the Linton E. Allen Memorial Fountain, commonly referred to as simply the "Lake Eola fountain" at Lake Eola Park. The Orlando International Airport (MCO) is the 13th-busiest airport in the United States and the 29th-busiest in the world. Orlando is one of the most-visited cities in the world primarily driven by tourism, major events, and convention traffic; in 2018, the city drew more than 75 million visitors. The two largest and most internationally renowned tourist attractions in the Orlando area are the Walt Disney World, opened by the Walt Disney Company in 1971, and located about 21 miles southwest of downtown Orlando in Bay Lake; and the Universal Orlando, opened in 1990 as a major expansion of Universal Studios Florida and the only theme park inside Orlando city limits. With the exception of the theme parks, most major cultural sites like the Orlando Museum of Art and Dr. Phillips Center for the Performing Arts and world-renowned nightlife, bars and clubs are located in Downtown Orlando while most attractions are located along International Drive like the Wheel at ICON Park Orlando. The city is also one of the busiest American cities for conferences and conventions; the Orange County Convention Center is the second-largest convention facility in the United States. Like other major cities in the Sun Belt, Orlando grew rapidly from the 1970s into the first decade of the 21st century. Orlando is home to the University of Central Florida, which is the largest university campus in the United States in terms of enrollment as of 2015. In 2010, Orlando was listed as a "Gamma +" level global city by the Globalization and World Cities Research Network. Perhaps the most critical event for Orlando's economy occurred in 1965 when Walt Disney announced plans to build Walt Disney World. Although Disney had considered the regions of Miami and Tampa for his park, one of the major reasons behind his decision not to locate there was due to hurricanes - Orlando's inland location, although not free from hurricane damage, exposed it to less threat than coastal regions. The vacation resort opened in October 1971, ushering in an explosive population and economic growth for the Orlando metropolitan area, which now encompasses Orange, Seminole, Osceola, and Lake Counties. As a result, tourism became the centerpiece of the area's economy. Orlando now has more theme parks and entertainment attractions than anywhere else in the world. There are 115 neighborhoods within the city limits and many unincorporated communities. Orlando's city limits resemble a checkerboard, with pockets of unincorporated Orange County surrounded by city limits. Such an arrangement results in some areas being served by both Orange County and the City of Orlando. This also explains Orlando's relatively low city population when compared to its metropolitan population. The city and county are working together in an effort to "round-out" the city limits with Orlando annexing portions of land already bordering the city limits. Orlando is the hub city of the Orlando-Kissimmee, Florida, Metropolitan Statistical Area, colloquially known as "Greater Orlando" or "Metro Orlando". The area encompasses four counties (Orange, Osceola, Seminole and Lake), and is the 26th-largest metro area in the United States with a 2010 Census-estimated population of 2,134,411. Highlights Offering for industrial/warehouse facility in the heart of Orlando, Florida This is a net lease property with the landlord responsible for the roof and structure and real estate taxes The facility is a single tenancy building with 15,569 SF of Industrial / Warehouse space situated on .88 acres of land Roof was replaced in the summer of 2021- new seal coating Current tenant in place has 2.10 years remaining on their five (5) year lease term The lease includes two (2) x five (5) year lease terms with annual rent increases of 2% Located in Orlando's downtown area and within minutes of Florida's best amusement parks including Universal Studios (10.75 million visitors in 2022) and SeaWorld (4.45 million visitors in 2022). Zoning ordinance on the property I-G/T/PH Easy access to major throughways like the I-4 expressway (165,000 VPD) and Route 408 (115,500 VPD).

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