Click here to review Avistone's updated blog post on "The 10 Reasons We Love Multi-Tenant Industrial Properties".
Available to Registered Users
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.
Available to Accredited Investors:
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.
Available to Accredited Investors:
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.
RealCrowd is free for investors. RealCrowd charges a technology access fee to the operating partner for our services. We do not charge investors any upfront fees, ongoing asset management fees or promote/carried interest in the investments.
RealCrowd offerings are open to US-based accredited investors. RealCrowd does not recommend or advise on any offering on our platform. While we have minimum history and experience threshold for sponsors who post on our platform, if you are unable to perform your own due diligence, please consult with an attorney or financial advisor prior to making an investment.
RealCrowd is a marketplace that connects investors with qualified sponsors. We strive for transparency and impartiality. For this reason, we do not participate in any offerings on our site.
Send Avistone LLC and/or RealCrowd a message. If you have a question about this offering ask Avistone LLC. If you have a question about the transaction process or other general inquiry, RealCrowd will be happy to help.
In the meantime, you can create an account to view detailed information about Avistone Presidents, LLC.
In the meantime, please review the offering documents and financials.
Before you can invest or see confidential offering information, you must be an accredited investor as defined by the SEC. Are you an accredited investor?
By clicking "Yes", you certify to us that you are accredited and you acknowledge that RealCrowd or the third parties offering securities through this site will verify your Accredited Investor status upon making an investment.
Thank you for your interest in this commercial real estate investment offering. Unfortunately, SEC regulations prevent us from allowing you to invest at this time.Go Back
Remember that RealCrowd or the third parties offering securities through this site will verify your Accredited Investor status upon making an investment.
In a few seconds this page will reload with detailed investment information!Refresh Now
RealCrowd is excited to announce a new classification system for sponsors that utilize our platform. Historically we have included all qualified sponsors in one class based on meeting our minimum thresholds of experience, both in time as a principal in the real estate business as well as portfolio and transaction value.
The new classification system of sponsor qualifications aims to further increase the amount of opportunities investors will have access to and provide more information as to the qualifications of the sponsorship.
Access passive income deals and become a better investor with our free eight day educational email series.Plus our free eBook "Commercial Real Estate 101"
Access passive income deals and become a better investor today with our free eight day educational email series.Plus our free eBook "Commercial Real Estate 101"
RealCrowd is not a broker-dealer and does not solicit investors, engage in any negotiations regarding potential investments, or participate in the sale or purchase of any securities or otherwise effect transactions in securities. Any sale or purchase of securities is in the sole discretion of, and is conducted directly between, the issuer and the prospective investor. All information regarding potential investment opportunities is prepared solely by the issuer, and such issuer is solely responsible for the accuracy of all such statements. RealCrowd has not independently verified any such information.
Access passive income deals and become a better investor today with our free eight day educational email series.Free e-book "Commercial Real Estate 101" for signing up.