COSTEL VANATORU, Lic. Real Estate BrokerVanwald&Associates LLC • 407-403-5775 • costel@vanwald.com

$130,000 UNDER APPRAISED VALUE

8 unit office building minutes from dt orlando and winter park

989 West Kennedy BLVd, OrLandO, FL 32810

COSTEL VANATORU, Lic. Real Estate BrokerVanwald&Associates LLC • 407-403-5775 • costel@vanwald.com

PROPER T Y SN APSHO T

LEASE OVERV I EW

LOC AT ION OVERV I EW

DEMOGRAPH ICS

INCOME PROFORMA

CONTACT INFORMAT ION

TABLE OF CONTENTS

F O R M O R E I N F O R M A T I O N , C O N T A C T :

COSTEL VANATORULic. Real Estate Broker321.947.9536Costel@VanWald.com

VanWald & Associates LLC • 6000 Metrowest BLVD, STE 101, Orlando, FL 32835& A S S O C I A T E S

DisclaimerThis Offering Memorandum is provided by Vanwald and Associates, solely for your consideration of the opportunity to purchase the commercial property described herein. This Offering Memorandum may be used only as stated herein and shall not be used for any other purpose, or in any other manner, without prior written authorization and consent of Vanwald and Associates.

This Offering Memorandum does not constitute or pertain to an offer of a security or an offer of any investment contract. It contains descriptive materials, financial information and other data compiled by Vanwald and Associates for the convenience of parties who may be interested in the subject property.

The information contained is not all inclusive and is not represented to include all information that may be material to an evaluation of the acquisition opportunity presented. Vanwald and Associates has not independently verified any of the information contained herein and makes no representations or warranties of any kind concerning the accuracy or completeness thereof. All summaries and discussions of documentation and/or financial information contained herein are qualified in their entirety by reference to the actual documents and/or financial statements, which upon request may be made available.

An interested party must conduct its own independent investigation and verification of any information the party deems material to consideration of the opportunity, or otherwise appropriate, without reliance upon Vanwald and Associates. Legal Disclosure: One of the sellers holds an active real estate broker’s license in the State of Florida.

COSTEL VANATORU, Lic. Real Estate BrokerVanwald&Associates LLC • 407-403-5775 • costel@vanwald.com

$130K UNDER APPRAISAL

ProPer t y Sn aPSho t

PROPERTY SNAPSHOT

Property Office Building Kennedy BLVD

Address989 Kennedy BLVd, OrLandO, FL 32810

County Orange County

Type Office Building

Floors Two (2)

Parking 27 spaces

Zoning Commercial Office

Land Use 1800 - Office Low Rise

Class C

Year Built 1998

Gross Area 7,784 SF +/-

Leasable 7,104 SF +/-

Lot Size 0.58 AC +/-

Occupancy 63%

Tenancy Multiple

Lease Type(s) Modified Gross

Lease Term(s)

Traffic Counts 16,500 (per FDOT)

Appraised Value $780,000

Purchase Price $650,000

NOI (Proforma) $72,840

CAP RATE (Proforma) 11.21%

Price/Square Foot $83.50

Vanwald & Associates is pleased to present the opportunity to acquire an eight (8) unit office building in the center of Orlando, Florida.

VALUE ADD - Under Market Rents√The building is 63% leased with the opportunity for a

new owner to increase the current under market rents and to lease up the three (3) remaining vacant units.

UPDATED OCT 28: One of the 3 vacant suites has been leased after 5 days on market for 25% more than current in-place rents. Now only 2 vacant units with an occupancy of 75%. As the units fill up the price will increase to get closer to market value.

CENTRAL LOCATION √The Building is in a great location, located on a

busy road, just minutes from Interstate 4, Downtown Orlando, Winter Park, Maitland and College Park.

UNDER APPRAISED VALUE √The Building appraised in 2017 for $780,000. The

rental rates and values in Orlando have been on a consistent climb for the past years.

COSTEL VANATORU, Lic. Real Estate BrokerVanwald&Associates LLC • 407-403-5775 • costel@vanwald.com

Loc at ion overv iew

INCREDIBLE LOCATIONThe Office Building benefits from a very central location, with easy access to I-4, and within minutes from Winter Park, Maitland, and Downtown Orlando.

COSTEL VANATORU, Lic. Real Estate BrokerVanwald&Associates LLC • 407-403-5775 • costel@vanwald.com

989 West Kennedy BLVDOrdinary Income/Expense

Income Monthly AnnualRental Income 8,025.00 96,300.00

Total Income 96,300.00Expense

Electrical - Parking Lights 55.00 660.00Insurance 2,236.50Landscaping 300.00 3,600.00Pest Control 79.88 958.56Real Estate Taxes 16,796.60

Total Expense 24,251.66Net Ordinary Income 72,048.34

Net Income (Proforma) 72,048.34

Purchase Price $650,000Cap Rate 11.21%

Income Proforma

Income Proforma (As 100% Leased)January to December of 2020

COSTEL VANATORU, Lic. Real Estate BrokerVanwald&Associates LLC • 407-403-5775 • costel@vanwald.com

Source: This infographic contains data provided by Esri, Esri and Infogroup. The vintage of the data is 2019.

KEY FACTS

11,708Population

35.2

Median Age

2.5

Average Household Size

$49,413Median Household

Income

EDUCATION

15%

No High School

Diploma 27%High School

Graduate

32%Some College 26%

Bachelor's/Grad/Prof Degree

BUSINESS

853Total Businesses

12,973Total Employees

EMPLOYMENT

61%White Collar

18%Blue Collar

21%Services

6.0%

Unemployment Rate

INCOME

$49,413

Median Household Income

$26,124

Per Capita Income

$24,588

Median Net Worth

Households By IncomeThe largest group: $50,000 - $74,999 (18.5%)

The smallest group: $200,000+ (2.2%)

Indicator Value Difference

<$15,000

$15,000 - $24,999

$25,000 - $34,999

$35,000 - $49,999

$50,000 - $74,999

14.7%

$75,000 - $99,999

10.1%

$100,000 - $149,999

10.8%

$150,000 - $199,999

14.9%

$200,000+

18.5%

+3.6%

14.1%

+0.5%

10.5%

+1.4%

4.2%

+0.6%

2.2%

-0.4%

+2.7%

-2.2%

-1.7%

-4.6%

Bars show deviation from

Orange County

1 mile

DemograPh icS - 1 miLe rad iuS

COSTEL VANATORU, Lic. Real Estate BrokerVanwald&Associates LLC • 407-403-5775 • costel@vanwald.com

Source: This infographic contains data provided by Esri, Esri and Infogroup. The vintage of the data is 2019.

KEY FACTS

93,529Population

37.3

Median Age

2.4

Average Household Size

$53,157Median Household

Income

EDUCATION

8%

No High School

Diploma 24%High School

Graduate

33%Some College 34%

Bachelor's/Grad/Prof Degree

BUSINESS

6,662Total Businesses

70,513Total Employees

EMPLOYMENT

66%White Collar

16%Blue Collar

17%Services

4.5%

Unemployment Rate

INCOME

$53,157

Median Household Income

$31,463

Per Capita Income

$36,882

Median Net Worth

Households By IncomeThe largest group: $50,000 - $74,999 (19.6%)

The smallest group: $150,000 - $199,999 (4.7%)

Indicator Value Difference

<$15,000

$15,000 - $24,999

$25,000 - $34,999

$35,000 - $49,999

$50,000 - $74,999

11.7%

$75,000 - $99,999

10.4%

$100,000 - $149,999

10.1%

$150,000 - $199,999

14.2%

$200,000+

19.6%

+0.6%

12.2%

+0.8%

11.3%

+0.7%

4.7%

-0.1%

5.8%

+0.7%

+0.8%

-1.4%

-1.2%

-1.0%

Bars show deviation from

Orange County

3 mile

DemograPh icS - 3 miLe rad iuS

COSTEL VANATORU, Lic. Real Estate BrokerVanwald&Associates LLC • 407-403-5775 • costel@vanwald.com

Source: This infographic contains data provided by Esri, Esri and Infogroup. The vintage of the data is 2019.

KEY FACTS

259,778Population

38.4

Median Age

2.4

Average Household Size

$54,603Median Household

Income

EDUCATION

9%

No High School

Diploma 24%High School

Graduate

31%Some College 36%

Bachelor's/Grad/Prof Degree

BUSINESS

17,525Total Businesses

185,508Total Employees

EMPLOYMENT

69%White Collar

15%Blue Collar

16%Services

4.7%

Unemployment Rate

INCOME

$54,603

Median Household Income

$33,297

Per Capita Income

$54,485

Median Net Worth

Households By IncomeThe largest group: $50,000 - $74,999 (18.8%)

The smallest group: $150,000 - $199,999 (5.2%)

Indicator Value Difference

<$15,000

$15,000 - $24,999

$25,000 - $34,999

$35,000 - $49,999

$50,000 - $74,999

11.4%

$75,000 - $99,999

10.1%

$100,000 - $149,999

9.7%

$150,000 - $199,999

14.1%

$200,000+

18.8%

+0.3%

11.7%

+0.5%

12.2%

+0.3%

5.2%

-0.2%

6.9%

-0.1%

+0.3%

-0.5%

-0.7%

+0.1%

Bars show deviation from

Orange County

5 mile

DemograPh icS - 5 miLe rad iuS

COSTEL VANATORU, Lic. Real Estate BrokerVanwald&Associates LLC • 407-403-5775 • costel@vanwald.com

F O R M O R E I N F O R M A T I O N , C O N T A C T :

VanWald & Associates LLC • 6000 Metrowest BLVD, STE 101, Orlando, FL 32835& A S S O C I A T E S

COSTEL VANATORULic. Real Estate Broker407-403-5775Costel@VanWald.com

contact informat ion