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HIDDEN GEM

HIDDEN GEMFuture Westwood Boulevard Extension • Orlando, FL 32821

SITE

Westwood Boulevard Extension

Proposed I-4

interchange

I-4 interchange is just 1.5 miles from

intersection of International Drive

and Westwood Boulevard.

HIDDEN GEM

Orlando, FL

ACT ID Y0310489

N O N - E N D O R S E M E N T A N D D I S C L A I M E R N O T I C E

Non-EndorsementsMarcus & Millichap Real Estate Investment Services of Florida, Inc. ("Marcus & Millichap") is not affiliated with,

sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of

any corporation's logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by,

said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial

listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this

listing to prospective customers.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY.

PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS.

DisclaimerTHIS IS A BROKER PRICE OPINION OR COMPARATIVE MARKET ANALYSIS OF VALUE AND SHOULD NOT BE

CONSIDERED AN APPRAISAL. This information has been secured from sources we believe to be reliable, but we

make no representations or warranties, express or implied, as to the accuracy of the information. References to

square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2017 Marcus &

Millichap. All rights reserved.

AERIAL PHOTO

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SUMMARY

Price $5,413,280

Lot Size (AC) 14.71

Price/Acre $368,000

Price/SF $8.45

DC

P E

xt.

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CP

Ext.

PROPERTY OVERVIEW

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Property Highlights:

➢ Offered for sale is 14.71-acre parcel

➢ Central to all major theme parks and attractions

➢ Located less than three miles from Walt Disney World, Magic Kingdom,

Epcot, Animal Kingdom, ESPN and Disney Springs

➢ Sheraton Vistana Villages border subject site on the north, east and west

➢ Westwood Boulevard extension right-of-way dedication is currently in

progress

➢ New proposed Interstate-4 interchange at Daryl Carter Parkway

➢ Direct access to International Drive from subject site via future Daryl

Carter Parkway Extension (DCP Ext.) and future Westwood Boulevard

Extension

➢ Road improvements are part of the Long Range Transportation Plan to

provide increased future access to International Drive; the major tourist

corridor in Orlando

Future Land Use Designation:

➢ Activity Center Mixed-Use

➢ Allows for hotel, commercial, residential,

mixed-use

➢ Zoning is R-CE, rural country estate

➢ ACMU land use designation is located

ONLY in the International Drive activity

center

➢ Provides for a mixture of tourist-related

and supportive residential development

Parcel Number Acres Zoning

23-24-28-5844-00-680 14.71R-CE

(Rural Country Estate)

FLU (Future Land

Use)Max. Density

Total Allowable

Units (Approx.)

Activity Center

Mixed-Use

(ACMU)

Residential: 30

units per acre

Hotel/Motel: 60

rooms/acre

441

882

Inte

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rkw

ay

cil

d•

4

1

2 3

4

Little LakeBryan

Lake Eve

5

6

7

1

2

3

4

5

3

6

1

1

2

7

9

8

3

4

5

6

7

89

AREA MAP

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PROPERTY HIGHLIGHTSMULTIFAMILY UNITS

1 Commons 280

2 Chatham Square 448

3 Patterson Court 384

4 Cumberland Park 456

5 Discovery Palms 336

6 Alta at Lake Eve 264

7 Mission Club 356

TIMESHARE RESORTS UNITS

1 TuscanyVillage 440

2 The Fountains 571

3 Amelia Resort 166

4 Key West Resort 171

5 Bella Florida 341

6 Worldmark 76

7 8303 Resort Condo 113

8 Blue TreeResort 280

9 Cypress Point 410

CONDO HOTELS UNITS

1 Site (Possible MF) N/A

2 Floridays 151

3 Lake Eve 176

HOTEL UNITS

1 Monumental 94

2 Ramada 121

3 Hilton Garden Inn 267

4 Residence Inn byMarriott 210

5 Embassy Suites 333

6 Extended Stay 124

7 Hampton Inn 147

8 Clarion Inn 640

9 Courtyard by Marriot 308

OrlandoPremium

Outlets

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2

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SITE

Westwood Boulevard Extension

Proposed I-4

interchange

CLOSE PROXIMITY TO:

Walt Disney World Properties 2.3 miles

Disney Springs 2.3 miles

SeaWorld Orlando & Aquatica Water Park 2.7 miles

Orange County Convention Center 4.2 miles

Universal Studios Orlando 8.0 miles

Orlando International Airport 14.0 miles

LOCAL MAP

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I-4 interchange is just 1.5 miles from

intersection of International Drive

and Westwood Boulevard.

ORLANDO FACTS

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Orlando Is:

• Globally recognized for its tourism and

leisure industry

• #1 tourist destination in the U.S.

• Host to 68 million visitors a year

• City that has $60 billion a year tourist

industry

• #1 for job growth (4.57%) across the nation’s

100 largest metro areas

• Home to 5 of the world’s top 10 theme parks

• A dynamic, diverse, rapidly-growing city

showing strong activity in aerospace,

technology, education, transportation and

business

• The UCF/Valencia campus is expected to

anchor the $1 billion Creative Village mixed

use project in downtown. The 148,000-

square foot academic building is set for a

summer 2019 completion, in time to open for

the fall 2019 school year.

UCF Downtown campus

MAJOR ORLANDO SHOPPING CENTERS MAP

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CLOSE PROXIMITY TO:

Vineland Pointe 1.0 mile

Orlando Vineland Premium Outlets 1.0 mile

Pointe Orlando 4.5 miles

Lake Buena Vista Factory Stores 4.5 miles

Disney Springs 5.8 miles

Florida Mall 7.7 miles

Orlando Premium Outlets 8.4 miles

The Mall at Millenia 9.7 miles

Shopping is:

➢ #1 most popular activity among Orlando’s overseas visitors.

➢ #2 most popular activity among Orlando’s domestic visitors.

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SALES COMPARABLES MAP

MIXED USE SITE NEAR ORLANDO

PREMIUM OUTLETS

(SUBJECT)

Palm Pky - Sand Lake

Groves

8800 Meadow Creek Dr

International Crossings

S. Apopka Vineland Road

4.16 Acres

SALES COMPARABLES

ON MARKET COMPARABLES

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2

3

4

5

9

1

Pkw

y

3

4

5

10

PROPERTY NAMEHIDDEN GEM

SALES COMPARABLES

$0.00

$3.00

$6.00

$9.00

$12.00

$15.00

Future

Westwood Boulevard

Extension

Palm Parkway -

Sand Lake

Groves

8800 Meadow

Creek Drive

International

Crossings

S. Apopka

Vineland

Road

4.16 Acres

Average Price Per Square Foot

$0

$50,000

$100,000

$150,000

$200,000

$250,000

$300,000

$350,000

$400,000

$450,000

$500,000

Future

Westwood Boulevard

Extension

Palm Parkway -

Sand Lake

Groves

8800 Meadow

Creek Drive

International

Crossings

S. Apopka

Vineland

Road

4.16 Acres

Average Price Per Acre

SALES COMPARABLES

ON MARKET COMPARABLES

SALES COMPS AVG

Avg. $10.02

Avg. $436,386

PROPERTY NAME

MARKETING TEAM

HIDDEN GEM

SALES COMPARABLES

rentpropertyname1

rentpropertyaddress1

rentpropertyname1

rentpropertyaddress1

rentpropertyname1

rentpropertyaddress1

SALES COMPARABLES ON MARKET COMPARABLES

Asking Price $5,413,280

Down Payment $5,413,280

Down Payment % 100%

Price/SF $8.45

Lot Size (Acres) 14.71 acre(s)

Price/Acre $368,000

A HIDDEN GEM!Future Westwood Boulevard Extension, Orlando, FL, 32821

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Close of Escrow 8/10/2015

Sales Price $15,000,000

Zoning P-D

Price/SF $8.61

Lot Size (Acres) 40.00

Price/Acre $375,000

NOTES

Although approval has been granted for hotel and commercial (retail,

office, and entertainment) development, there are pending plans of the

widening of I-4 near the parcel. The widening of I-4 caused the land to sell

for significantly less. Located just 6.5 miles from subject.

PALM PARKWAY - SAND LAKE GROVESPalm Parkway, Orlando, FL, 32836

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Close of Escrow 1/22/2016

Sales Price $23,000,000

Zoning P-D

Price/SF $10.62

Lot Size (Acres) 49.70

Price/Acre $462,777

NOTES

The buyer is planning to build an 800-key hotel on the site. The resort, if

built, could also include restaurants, arcades, spas, fitness rooms and

other children activity centers. Located just 2.2 miles from subject.

8800 MEADOW CREEK DRIVE8800 Meadow Creek Drive, Orlando, FL, 32821

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PROPERTY NAME

MARKETING TEAM

HIDDEN GEM

SALES COMPARABLES

rentpropertyname1

rentpropertyaddress1

SALES COMPARABLES ON MARKET COMPARABLES

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On Market

List Price $86,800,000

Zoning ACR & ACMU

Price/Developable SF $8.03

Developable Lot Size (Acres) 248

Price/Acre $350,000

INTERNATIONAL CROSSINGSFuture Westwood Boulevard Extension, Orlando, FL, 32821

NOTES

Subject is 586 acres with 248 acres identified as developable and 338

acres identified as mitigation lands.

NOTES

Future Land Use Activity Center Residential (12-30 Dwelling Units per

Acre). Surrounded by Planned Development of Hotels, Mixed Use Projects

and Dense Residential.

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On Market

List Price $450,000

Zoning Multifamily

Price/SF $7.95

Lot Size (Acres) 1.30

Price/Acre $346,154

S. APOPKA VINELAND ROADS. Apopka Vineland Road, Orlando, FL, 32821

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NOTES

On Wildwood Avenue South of International Drive.

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On Market

List Price $2,695,680

Zoning Commercial

Price/SF $14.88

Lot Size (Acres) 4.16

Price/Acre $648,000

4.16 ACRESDaryl Carter Parkway, Orlando, FL, 32821

MARKET OVERVIEW

ORLANDOOVERVIEW

The Orlando metro encompasses four counties: Osceola, Orange, Seminole andLake, covering more than 4,000 square miles in central Florida. There are numerouslakes scattered across the region and the topography is generally flat with fewimpediments to development. A warm climate and a favorable tax structure help toattract employers and residents to the region. The metro is among the largest inFlorida, with a population of more than 2 million residents, and is one of the nation’smost popular tourist destinations. Orlando is the area’s largest city, containingroughly 300,000 residents, followed by Kissimmee and Sanford, each with less than100,000 residents.

MARKET OVERVIEW

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MAJOR AREA EMPLOYERS

Walt Disney World Co.

Florida Hospital

Publix Super Markets Inc.

Universal Orlando

Orlando Health

Busch Entertainment Corp.

Lockheed Martin Corp.

Marriott International

Darden Restaurants Inc.

Starwood Hotels & Resorts

DEMOGRAPHICS▪ The metro is expected to add nearly 220,000 people through 2021 and

during this period roughly 80,000 households will be formed.

▪ A median age below the U.S. median contributes to a homeownership

rate of 62 percent, which is slightly below the national rate.

▪ The cohort of 20- to 34-year olds comprises 22 percent of the

population, slightly above the U.S. level of 21 percent.

POPULATION 1 Miles 3 Miles 5 Miles

▪ 2021 Projection

Total Population 6,658 42,279 125,390

▪ 2016 Estimate

Total Population 6,244 37,998 112,475

▪ 2010 Census

Total Population 5,859 33,937 100,453

▪ 2000 Census

Total Population 2,080 20,048 68,983

▪ Daytime Population

2016 Estimate 6,412 39,823 136,177

HOUSEHOLDS 1 Miles 3 Miles 5 Miles

▪ 2021 Projection

Total Households 2,208 14,582 44,129

▪ 2016 Estimate

Total Households 1,979 13,042 39,354

Average (Mean) Household Size 2.32 2.47 2.69

▪ 2010 Census

Total Households 1,826 11,582 35,097

▪ 2000 Census

Total Households 1,063 8,580 25,710

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