Avistone Presidents, LLC Orlando, FL

Investment Type
Asset Profile
Min. Investment
Estimated Hold
Target Return (IRR)
Target Annual Cash
Target Equity Multiple
Only 2 spots left to invest

Offered By

Avistone LLC
Experienced Sponsor

Laguna Niguel, CA

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Assets Under

Portfolio LTV
Realized Returns

Total IRR
Equity Multiple
Annual Cash
Years Of

As Principals
10+ years
In Business
4 years
15 Staff
* All information is reported by Avistone LLC as of 2/21/2017.

About this Property

Avistone, LLC has recently acquired the multi-tenant flex-industrial property commonly known as Presidents Plaza located on Presidents Drive in the city of Orlando, Florida. Built in 1986 and consisting of 108,432 square feet of space, the property is sited on 7.98 acres and currently 94% leased to 16 tenants. Presidents Plaza is located in the Orlando Central Park Submarket, which enjoys an overall occupancy rate of 93.6% (Source: Cushman & Wakefield).

Avistone has acquired the Property for $9,000,000, which represents $83.00 per square foot and is estimated to be substantially below the property’s replacement value. Avistone locked in fixed-rate, first mortgage loan from Starwood Mortgage in the amount of $6,300,000 at a fixed-rate of 4.425% for a 10-year term. Total capitalization is $10,437,000, and is inclusive of costs and reserves in connection with the offering.

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Key Points

  • Orlando MSA Industrial Market is strong: With a base of over 109.6 million square feet, the overall market vacancy is 7.4% and has experienced positive net absorption every year over the last several years.
  • Prime Location: Presidents Plaza is located in the Orlando Central Park Industrial submarket, one of the most active markets in the past year, with net absorption of over 723,000 square feet of space. The total vacancy rate for the submarket stands at 5.2%, one of the lowest in the overall Orlando market.
  • Job Growth: Employment growth in the Orlando region continues to out-perform the national average.
  • Below replacement cost / High barriers to entry: The Property’s acquisition price is well below its replacement cost; the high cost of any new construction would result in significant rental growth for existing product.
  • Very low vacancy rates in Orlando’s Central Park Industrial Market and the lack of new development of multi-tenant industrial projects: Currently, tenants have very limited options for movement within the market. As a result, tenant retention is expected to remain very high providing strong cash flow in the foreseeable future.
  • Strength of the light industrial / small business sector: With a building size of 108,432 and size of suites averaging 6,100 square feet, the Property caters to light manufacturing, local distribution and other small businesses that are one of the primary driving forces of the economy.
  • Limited New Supply for Small Bay Sector: With “big box” buildings dominating the bulk of new construction in the Orlando market, new supply of multi-tenant space has not kept up with demand for the light industrial sector; an investment in the Property may allow an investor to take advantage of expected rental rate growth going forward.


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Location Details

Orlando, FL

The Orlando industrial market is one of the country’s leading “institutional quality” markets, and has increasingly become a major distribution hub for Florida with its geographic position in the state at the crossroads of Interstate 4, the Florida Turnpike, the Beachline Expressway, State Road 408 and State Road 417. The region’s robust industrial market is at the forefront of economic growth with its increasing demand for warehouse/distribution facilities and leads the state in job and financial growth.

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Frequently Asked Questions

Below are some of the most frequently asked questions about this offering.

The first projected distribution is scheduled for December 2016.

Distributions are scheduled to go out on a monthly basis.

No, this offering is only available to US residents

No, this offering is not available for a 1031 exchange.

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