1452 South Orange Blossom Trail - LoopNet...1452 S Orange Blossom Trl, Apopka, Florida, 32703 Latitude: 28.65645 Drive Time: 5, 10, 15 minute radii Longitude: -81.47284 5 minutes 10

KW COMMERCIAL407.207.08259161 Narcoossee Road, Ste. 107Orlando, FL 32827 FRANCISCO JARAMILLO, MBA, CCIMDirector

0: [email protected]

1452 South Orange Blossom Trail

OFFERING MEMORANDUM

PRESENTED BY:

APOPKA, FL

OFFERING MEMORANDUM

Each Office Independently Owned and Operated kwcommercial.com 2

KW COMMERCIAL407.207.0825

9161 Narcoossee Road, Ste. 107

Orlando, FL 32827

Confidentiality & Disclaimer

FRANCISCO JARAMILLO, MBA, CCIMDirector0: [email protected]

All materials and information received or derived from KW Commercial its directors, officers, agents, advisors, affiliates and/or any third party sourcesare provided without representation or warranty as to completeness , veracity, or accuracy, condition of the property, compliance or lack of compliancewith applicable governmental requirements, developability or suitability, financial performance of the property, projected financial performance of theproperty for any party’s intended use or any and all other matters.

Neither KW Commercial its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as to accuracy orcompleteness of the materials or information provided, derived, or received. Materials and information from any source, whether written or verbal, thatmay be furnished for review are not a substitute for a party’s active conduct of its own due diligence to determine these and other matters ofsignificance to such party. KW Commercial will not investigate or verify any such matters or conduct due diligence for a party unless otherwise agreed inwriting.

EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE.

Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspections andinvestigations including through appropriate third party independent professionals selected by such party. All financial data should be verified by theparty including by obtaining and reading applicable documents and reports and consulting appropriate independent professionals. KW Commercialmakes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial data or assumptions. KW Commercialdoes not serve as a financial advisor to any party regarding any proposed transaction.

All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data orperformance. Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents can beestablished at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as marketconditions,vacancy factors and other issues in order to determine rents from or for the property. Legal questions should be discussed by the party withan attorney. Tax questions should be discussed by the party with a certified public accountant or tax attorney. Title questions should be discussed by theparty with a title officer or attorney. Questions regarding the condition of the property and whether the property complies with applicable governmentalrequirements should be discussed by the party with appropriate engineers, architects, contractors, other consultants and governmental agencies. Allproperties and services are marketed by Orlando Lake Nona in compliance with all applicable fair housing and equal opportunity laws.

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. Itis submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.

OFFERING MEMORANDUM

PRESENTED BY:

APOPKA, FL

http://www.kwcommercial.com

PROPERTY INFORMATION

1 | PROPERTY INFORMATION

EXECUTIVE SUMMARY

PROPERTY DESCRIPTION

PROPERTY DETAILS

ADDITIONAL PHOTOS

1PROPERTY INFORMATION1452 SOUTH ORANGE BLOSSOM TRAIL

OFFERING MEMORANDUM


OFFERING SUMMARY

SALE PRICE: $3,100,000

LOT SIZE: 10.17 Acres

PRICE / SF: $7.00

PROPERTY OVERVIEWSubject property sits just west of Sams Club and, as well as Family Dollar andother retailers. These approximate 10.17 acres of land zoned C-2.

PROPERTY HIGHLIGHTS• Adjacent to Sams Club

• Zoned C-2

• Traffic Count: ~28,000

• Population: 127,401 (10 Minute Drive)

• Population 305,501 (15 minute Drive)

• Median HHI: $55,593

• Approximately 702' of frontage

• Sewer: City of Apopka

• Electric

Executive Summary

1452 SOUTH ORANGE BLOSSOM TRAIL 1 | PROPERTY INFORMATION



PROPERTY OVERVIEW

Subject property sits just west of Sams Club and, as well as FamilyDollar and other retailers. These approximate 10.17 acres of landzoned C-2.

LOCATION OVERVIEW

From downtown Orlando take I4 east for approximately 7 miles toMaitland Boulevard West. Drive on Maitland Blvd westbound forapproximately 7 to Orange Blossom Trail and turn left. Driveapproximately 4.4 miles to property on the left.

Property Description




SALE PRICE $3,100,000

LOCATION INFORMATION

Street Address 1452 South Orange Blossom Trail

City, State, Zip Apopka, FL 32703

County/Township Orange

LAND

Number Of Lots 1

PROPERTY DETAILS

Property Type Land

Property Subtype Other

Lot Size 10.17 Acres

Property Details




Additional Photos



LOCATION INFORMATION

2 | LOCATION INFORMATION

REGIONAL MAP

RETAILER MAP

LOCATION MAPS

AERIAL MAP

2LOCATION INFORMATION1452 SOUTH ORANGE BLOSSOM TRAIL

OFFERING MEMORANDUM


Regional Map

1452 SOUTH ORANGE BLOSSOM TRAIL 2 | LOCATION INFORMATION



Retailer Map




Location Maps




Aerial Map



SALE COMPARABLES

3 | SALE COMPARABLES

SALE COMPS

SALE COMPS SUMMARY

SALE COMPS MAP

3SALE COMPARABLES1452 SOUTH ORANGE BLOSSOM TRAIL

OFFERING MEMORANDUM


Subject Property

1452 South Orange Blossom Trail | Apopka, FL 32703

$3,100,000Sale Price: 10.17 AcresLot Size:

$7.00Price PSF: $304,818Price / AC:

Subject property sits just west of Sams Club and, as well as Family Dollar and other retailers. These approximate 10.17 acres of land zoned C-2.

1

1820-1880 E Semoran Blvd

Apopka, FL 32703



03/15/2019Closed:

1

2

1520 W Orange Blossom Trail

Apopka, FL 32712



02/20/2019Closed:

2

3

Silver Star Rd & Hiawassee Rd

Orlando, FL 32818



11/05/2019Closed:

3

Sale Comps

1452 SOUTH ORANGE BLOSSOM TRAIL 3 | SALE COMPARABLES



Three lots totaling 1.84 acres zoned C-2

4

Seidel HoldingsSW Corner of West Colonial Drive and Avalon Road | Winter Garden, FL 34787

$875,000Sale Price: 1.84 AcresLot Size:


03/06/2019Closed:

4

5

N Highway 27

Minneola, FL 34715



02/26/2019Closed:

5

Sale Comps




1

2

3

4

5

SUBJECT PROPERTY PRICE BLDG SF LOT SIZE PRICE/SF PRICE/AC CAP

1452 South Orange Blossom TrailApopka, FL 32703

$3,100,000 - 10.17 AC $7.00 $304,818 -

SALE COMPS PRICE BLDG SF LOT SIZE PRICE/SF PRICE/AC CAP

1820-1880 E Semoran BlvdApopka, FL32703

$1,550,000 - 3.1 AC $11.48 $500,000 -

1520 W Orange Blossom TrailApopka, FL32712

$1,670,096 - 4.09 AC $9.37 $408,336 -

Silver Star Rd & Hiawassee RdOrlando, FL32818

$1,450,000 - 10.14 AC $3.28 $142,998 -

Seidel HoldingsSW Corner of West Colonial Drive andAvalon RoadWinter Garden, FL 34787

$875,000 - 1.84 AC $10.92 $475,543 -

N Highway 27Minneola, FL34715

$1,000,000 - 4.82 AC $4.76 $207,468 -

PRICE BLDG SF LOT SIZE PRICE/SF PRICE/AC CAP

Totals/Averages $1,309,019 - 4.8 AC $6.26 $272,712 -

Sale Comps Summary




1452 South Orange Blossom Trail | Apopka, FL 32703SUBJECT PROPERTY

1Apopka, FL32703

1820-1880 E SEMORAN BLVD 2Apopka, FL32712

1520 W ORANGE BLOSSOM TRAIL

3Orlando, FL32818

SILVER STAR RD & HIAWASSEE RD 4SW Corner of West Colonial Drive and Avalon RoadWinter Garden, FL 34787

SEIDEL HOLDINGS

5Minneola, FL34715

N HIGHWAY 27

Sale Comps Map



ADDITIONAL INFORMATION

4 | ADDITIONAL INFORMATION

STDB_EXECUTIVE_SUMMARY.PDF

4ADDITIONAL INFORMATION1452 SOUTH ORANGE BLOSSOM TRAIL

OFFERING MEMORANDUM

Executive Summary1452 S Orange Blossom Trl, Apopka, Florida, 32703 2 Prepared by Francisco Jaramillo, MBA, CCIM1452 S Orange Blossom Trl, Apopka, Florida, 32703 Latitude: 28.65645Drive Time: 5, 10, 15 minute radii Longitude: -81.47284

5 minutes 10 minutes 15 minutesPopulation

2000 Population 13,887 105,779 243,6312010 Population 14,658 114,595 266,5202019 Population 16,122 127,401 301,5012024 Population 17,124 135,682 324,3042000-2010 Annual Rate 0.54% 0.80% 0.90%2010-2019 Annual Rate 1.03% 1.15% 1.34%2019-2024 Annual Rate 1.21% 1.27% 1.47%2019 Male Population 49.0% 48.4% 48.2%2019 Female Population 51.0% 51.6% 51.8%2019 Median Age 35.2 37.0 36.8

In the identified area, the current year population is 301,501. In 2010, the Census count in the area was 266,520. The rate of change since 2010 was 1.34% annually. The five-year projection for the population in the area is 324,304 representing a change of 1.47% annually from 2019 to 2024. Currently, the population is 48.2% male and 51.8% female.

Median Age

The median age in this area is 35.2, compared to U.S. median age of 38.5.Race and Ethnicity

2019 White Alone 59.4% 53.5% 50.3%2019 Black Alone 18.9% 30.6% 34.4%2019 American Indian/Alaska Native Alone 0.6% 0.4% 0.4%2019 Asian Alone 2.0% 3.5% 3.6%2019 Pacific Islander Alone 0.1% 0.1% 0.1%2019 Other Race 14.9% 8.1% 7.4%2019 Two or More Races 4.1% 3.8% 3.8%2019 Hispanic Origin (Any Race) 40.4% 26.6% 24.3%

Persons of Hispanic origin represent 24.3% of the population in the identified area compared to 18.6% of the U.S. population. Persons of Hispanic Origin may be of any race. The Diversity Index, which measures the probability that two people from the same area will be from different race/ethnic groups, is 76.4 in the identified area, compared to 64.8 for the U.S. as a whole.

Households2019 Wealth Index 81 80 772000 Households 4,952 38,185 88,9142010 Households 5,026 41,560 97,5322019 Total Households 5,425 45,517 108,8222024 Total Households 5,730 48,259 116,5892000-2010 Annual Rate 0.15% 0.85% 0.93%2010-2019 Annual Rate 0.83% 0.99% 1.19%2019-2024 Annual Rate 1.10% 1.18% 1.39%2019 Average Household Size 2.96 2.78 2.76

The household count in this area has changed from 97,532 in 2010 to 108,822 in the current year, a change of 1.19% annually. The five-year projection of households is 116,589, a change of 1.39% annually from the current year total. Average household size is currently 2.76, compared to 2.72 in the year 2010. The number of families in the current year is 74,326 in the specified area.

Data Note: Income is expressed in current dollars. Housing Affordability Index and Percent of Income for Mortgage calculations are only available for areas with 50 or more owner-occupied housing units. Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2019 and 2024. Esri converted Census 2000 data into 2010 geography.

January 10, 2020

©2020 Esri Page 1 of 2

Executive Summary1452 S Orange Blossom Trl, Apopka, Florida, 32703 2 Prepared by Francisco Jaramillo, MBA, CCIM1452 S Orange Blossom Trl, Apopka, Florida, 32703 Latitude: 28.65645Drive Time: 5, 10, 15 minute radii Longitude: -81.47284

5 minutes 10 minutes 15 minutesMortgage Income

2019 Percent of Income for Mortgage 16.2% 17.5% 18.0%Median Household Income

2019 Median Household Income $54,611 $55,493 $54,0122024 Median Household Income $62,136 $62,500 $60,6282019-2024 Annual Rate 2.62% 2.41% 2.34%

Average Household Income

2019 Average Household Income $74,718 $74,796 $73,9882024 Average Household Income $88,384 $86,444 $85,5102019-2024 Annual Rate 3.42% 2.94% 2.94%

Per Capita Income2019 Per Capita Income $25,123 $26,736 $26,6042024 Per Capita Income $29,542 $30,761 $30,6092019-2024 Annual Rate 3.29% 2.84% 2.84%

Households by IncomeCurrent median household income is $54,012 in the area, compared to $60,548 for all U.S. households. Median household income is projected to be $60,628 in five years, compared to $69,180 for all U.S. households

Current average household income is $73,988 in this area, compared to $87,398 for all U.S. households. Average household income is projected to be $85,510 in five years, compared to $99,638 for all U.S. households

Current per capita income is $26,604 in the area, compared to the U.S. per capita income of $33,028. The per capita income is projected to be $30,609 in five years, compared to $36,530 for all U.S. households Housing

2019 Housing Affordability Index 145 133 1302000 Total Housing Units 5,206 40,259 94,365

2000 Owner Occupied Housing Units 3,562 26,280 59,5462000 Renter Occupied Housing Units 1,390 11,905 29,3692000 Vacant Housing Units 254 2,074 5,450

2010 Total Housing Units 5,439 46,180 110,2702010 Owner Occupied Housing Units 3,357 27,376 62,4532010 Renter Occupied Housing Units 1,669 14,184 35,0792010 Vacant Housing Units 413 4,620 12,738



Currently, 54.6% of the 120,356 housing units in the area are owner occupied; 35.8%, renter occupied; and 9.6% are vacant. Currently, in the U.S., 56.4% of the housing units in the area are owner occupied; 32.4% are renter occupied; and 11.2% are vacant. In 2010, there were 110,270 housing units in the area - 56.6% owner occupied, 31.8% renter occupied, and 11.6% vacant. The annual rate of change in housing units since 2010 is 3.97%. Median home value in the area is $198,549, compared to a median home value of $234,154 for the U.S. In five years, median value is projected to change by 2.86% annually to $228,558.

Data Note: Income is expressed in current dollars. Housing Affordability Index and Percent of Income for Mortgage calculations are only available for areas with 50 or more owner-occupied housing units. Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2019 and 2024. Esri converted Census 2000 data into 2010 geography.

January 10, 2020

©2020 Esri Page 2 of 2

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1452 South Orange Blossom Trail - LoopNet...1452 S Orange Blossom Trl, Apopka, Florida, 32703 Latitude: 28.65645 Drive Time: 5, 10, 15 minute radii Longitude: -81.47284 5 minutes 10