Posner Park Multifamily · Zoning Mixed Use DRI Remaining DRI Entitlements (1): Residential Units...
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Posner Park Multifamily Multifamily Opportunity Within Power Center Anchored Mixed Use Community at 147,000 ADT Intersection Multifamily Parcels: Site A, Phase 1: 12.81 Acres Site B, Phase 2: 8.1 Acres *Purchaser may elect to perform their own site plan, density and product mix within parcels Multifamily Super-pad at the Southeast Corner of I4 & US 27 Within the Disney Corridor, Greater Orlando, FL Future Retail (Under Contract) Future Planned Community (Negotiating Contract) Posner Park - Orlando Contact Information Justin Onorato– BTI Partners (786) 364-8745 or [email protected] Subject (A & B Parcels)
Transcript of Posner Park Multifamily · Zoning Mixed Use DRI Remaining DRI Entitlements (1): Residential Units...
Posner Park MultifamilyMultifamily Opportunity Within Power Center Anchored Mixed Use Community at 147,000 ADT Intersection
Multifamily Parcels:Site A, Phase 1: 12.81 Acres
Site B, Phase 2: 8.1 Acres*Purchaser may elect to perform their own site plan, density and product
mix within parcels
Multifamily Super-pad at the Southeast Corner of I4 & US 27Within the Disney Corridor, Greater Orlando, FL
Future Retail(Under Contract)
Future Planned
Community(Negotiating Contract)
Posner Park - OrlandoContact Information
Justin Onorato– BTI Partners(786) 364-8745 or [email protected]
Subject(A & B Parcels)
580,000 SF Existing Power Center
121 ac Wetland Preserve
01
02
Under Contract
Posner Park – Future Phases Conceptual Master Plan
Posner Park - OrlandoContact Information
Justin Onorato– BTI Partners(786) 364-8745 or [email protected]
PO
SNER
PAR
K
Multifamily Parcels:
Site A, Phase 1: 12.81 Acres- 6 Buildings with Expansive Amenity
Center- 3-Story Walk-Up- 24 1-Beds, 192 2-Beds- 216 Total Units
Site B, Phase 2: 8.1 Acres- 4 Buildings - 3-Story Walk-Up- 16 1-Beds, 128 2-Beds- 144 Total Units
Total: 21 acres, 360 Units
*Purchaser may elect to perform their own site plan, density and product mix within parcels
Posner Park – Multifamily Conceptual Plan
Posner Park - OrlandoContact Information
Justin Onorato– BTI Partners(786) 364-8745 or [email protected]
Posner Park – Market Comparable Information
1) US 27 Four Corners- The Glen- Landings- Oaks at Southlake- Douglas Grand
2) I4 World Dr Exit- Emerson- Aviva- Evander
3) I4 Exit 532- Victoria Park- Village at Town
Center
1
2
3
Posner Park - Orlando
Site A Q# Total SqFt Rent/Yr NOI
1 BRs 24 21,600 343,181$ $ 343,181
2 BRs 192 220,800 3,100,032$ $ 3,100,032
Total 216 242,400 3,443,213$ $ 3,443,213
Site B Q# Total SqFt Rent/Yr NOI
1 BRs 16 14,400 228,787$ $ 228,787
2 BRs 128 147,200 2,066,688$ $ 2,066,688
Total 144 161,600 2,295,475$ $ 2,295,475
A+B 360 404,000 5,738,688$ 5,738,688$
Projected Posner Park MultiFamily
Property Name
Distance
from City
Center (miles)
1 BR
Unit Size
2 BR
Unit Size
3 BR
Unit Size
1 BR
Asking
Rent
2 BR
Asking
Rent
3 BR
Asking
Rent
1 BR
Asking
Rent/SF
2 BR
Asking
Rent/SF
3 BR
Asking
Rent/SF Year Built Notes
The Glen at Cagan Crossings 8.95 677 1119 1435 $ 910 $ 990 $ 1,385 $ 1.34 $ 0.88 $ 0.97 2009 420 Units 3 stories
Landings at Four Corners 8.0 788 920 1551 1,205$ $ 1,184 $ 1,618 $ 1.53 $ 1.29 $ 1.04 2009 270 Units 3 stories
Oaks at Southlake 8.4 775 1036 1216 960$ $ 1,202 $ 1,345 $ 1.24 $ 1.16 $ 1.11 2015 245 Units 3 stories
Douglas Grand at Westside 7.9 802 1224 1370 1,235$ $ 1,335 $ 1,625 $ 1.54 $ 1.09 $ 1.19 2015 336 Units 3 stories
Emerson at Celebration 6.6 716 1085 1432 1,130$ $ 1,490 $ 1,850 $ 1.58 $ 1.37 $ 1.29 2014 350 Units 3 stories
Aviva at Celebration 6.9 746 1097 1371 1,255$ $ 1,550 $ 2,093 $ 1.68 $ 1.41 $ 1.53 2015 307 Units 4 stories
Evander Square 7.3 786 1239 1400 1,885$ $ 1,872 $ 2,033 $ 2.40 $ 1.51 $ 1.45 2013 400 Units 5 stories
Victoria Park 3.7 843 1117 1341 1,055$ $ 1,205 $ 1,405 $ 1.25 $ 1.08 $ 1.05 2009 348 Units 3 stories
Villlage at Town Center 3.7 761 1082 1320 1,000$ $ 1,150 $ 1,250 $ 1.31 $ 1.06 $ 0.95 1999/2016 240 Units 3 stories
AVERAGES 7 766 1102 1382 $ 1,182 $ 1,331 $ 1,623 $ 1.54 $ 1.21 $ 1.17
Projected Posner Park 900 1150 1250 1,192$ 1,346$ 1,375$ 1.32$ $ 1.17 $ 1.10 2018 360 Units 3 stories
Contact InformationJustin Onorato– BTI Partners
(786) 364-8745 or [email protected]
Gross Acres 225 ±
Net Developable Acres 104 ±
Zoning Mixed Use DRI
Remaining DRI Entitlements (1):Residential Units 1,991Retail/Comm. (2) 565,000 SFBusiness Park 1,414,097 SFHotel Rooms 2,600
(1) Approved land uses/entitlements may be converted to other approved uses in accordance with the Conversion Matrix.
(2) Approx. 580K SF has already been built.
Approx. value of in-place infrastructureincluding: Master Retention/Drainage,Paved roads, Water/Sewer, Lighting,Underground Power
$30M ±
Property: A 225-acre mixed use development known as "Posner Park", located approximately twenty five miles southeast of the Orlando CBD and within the Disney Corridor inunincorporated Polk County, FL, just southeast of the Osceola County line. The site, formerly the Kansas City Royals spring training facility, is in the southeastern quadrant of the US-27interchange with I-4 which connects to Tampa 50 miles to the southwest and has excellent visibility from both roadways. The vertically-built portion of the project contains the 580,000Sq Ft Posner Commons Power Center on 80 acres of land. Major anchor tenants include Target, J.C. Penney's, Best Buy, Dick's Sporting Goods, Ross Dress For Less, Books A Million,PetSmart and Staples. The center has been operating since 2008.
Market: The Center is located directly in the path of growth of the Orlando market area. It currently serves those living in the communities of Kissimmee, Reunion and Celebration, aswell as those living in the towns south of I-4, which are not served by any major highways. Traffic Count along I-4 and US-27 is currently 147,000. In October 2011, the LegolandAmusement Park opened in the Orlando area, with primary access utilizing the subject interchange. Per the county's economic impact analysis study, Legoland generates $435M ofadditional tourist related spending within the surrounding area.
The location is ideal for Orlando area commuters with its proximity to I-4 and access to the Orlando CBD, Disney, and nearby Kissimmee and Davenport.
Posner Park - Master Project Information
Posner Park - OrlandoContact Information
Justin Onorato– BTI Partners(786) 364-8745 or [email protected]
Posner Park – Site Photos of Existing Power Center Posner Park
Posner Park - OrlandoContact Information
Justin Onorato– BTI Partners(786) 364-8745 or [email protected]
BTI Partners 401 East Las Olas Blvd., Suite 1870
Fort Lauderdale, FL 33301
Note that the conveyance of the prior materials does not constitute arepresentation of their effectiveness and/or accuracy as to the mattersdisclosed herein. The prior materials are subject to errors, omissions, changeand/or withdrawal. No warranties or representations whatsoever shall be madeby BTI and/or its agents, representatives or affiliates written or oral for thefollowing property material. Furthermore, provision of the following materials,data, reports and the like are given for information purposes only. Delivery ofthese materials is solely as a convenience and the prospective buyer must relyon their own independent verification, investigation and evaluation of everyaspect of the Property and not on any materials supplied herein.
Posner Park MultifamilyMultifamily Opportunity Within Power Center Anchored Mixed Use Community at 147,000 ADT Intersection
