2441 VISCOUNT ROW, ORLANDO, FLORIDA , 32809
EXECTUTIVE SUMMARY
Beasley Real Estate Services, Inc. ("BRES") is the exclusive advisor to Owner for the sale of 2441 Viscount Row ("Property"), a 75,227 square foot industrial facility on 3.34+/- acres. The building is being sold as vacant. The Property is located within Orlando Central Park, arguably the most well located and well-known master-planned business park in Orlando. This unique asset is being offered on an “where-is,
as-is” basis for the fee-simple interest in the building(s) there under.
Many significant renovations and improvements to the building and property have been completed over the past three years at the Property and additional improvements and expansion are in the final stages of completion.
This is a unique opportunity to secure a well located, renovated industrial facility with above standard power and water infrastructure in the high growth and dynamic market of Orlando.
ABOUT THE PROPERTY
75,227 square feet
Office - 9,226 square feet
Warehouse : 66,001 square feet
(Square footage calculations from 11/22/23 survey)
Production / Warehouse Square Footages / Clear Heights / Year Built:
Approx. 41,492 SF at 18' - Original 1985 Building
Approx. 16,467 SF at 28' - 1992 expansion area
Approx. 17,268 at 35' - 2023 expansion area
Improvements Construction Type – Tilt Up 40% - Masonry 35% -
Metal 25%
Acreage: 3.34+/- acres. Zoned IND-2 / IND-3, Orange County
Offices, conference, and showroom areas have been significantly renovated over past 3 years and have a significant amount of windows and glass wall panels providing abundant natural light. Striking double door lobby entry area. The building has a centralized, enclosed open-air area providing natural light to interior offices which also offers a private area for employee breaks or private outdoor activities. Nine (9) single occupancy restrooms
Power Services: Two services: 1200 AMP / 277 / 480V 3-Phase and 800 AMP / 277/480 / 3-Phase. Provider: Duke Energy
Water Services: One 2.5” water line / meter and one 3.0” water line / meter. BOTH of these water services are well beyond standard water service and can provide tremendous water capacity. An inestimable value to a user that needs large water capacity. Provider: Orlando Utilities Commission
Fire Protection: Wet Pipe System throughout building
.20 / 2000 SF / 631 GPM
91 Parking spaces per site plan
Loading Doors: Central Area- Three (3) 9’ x 12’ dock doors (one with ramp). Central/North Area - Two (2) 10’ x 12’ dock door and one (1) 9’ x 9’ dock door with ramp. Plus 27' wide oversized door at north building at grade level
Roofs: New TPO roof installed 2017 and 2023.. The thermoplastic membrane seams will be overlapped a minimum of 5", then hot air welded together. Weld width shall be a minimum of 1.5" in width for automatic machine welding. Weld width shall be 2" in width for hand welding. Roof was installed by CentiMark Corporation, a national leader in commercial and industrial roofing.
6 new exhaust fans in warehouse
New split HVAC units in Office
ACM (Aluminum Composite Material) covering exterior walls. Never needs to be refinished or painted. Provides a striking modern look.
Fully Piped Compressed Air Throughout Production Areas.
Natural Gas Supply to Building
New landscaping and irrigation throughout property
New concrete pavement at loading areas.
New pavered parking areas at front and side of building
Artificial turf in interior court yard
INVESTMENT HIGHLIGHTS
AAA Location
Significant power and water service infrastructure to the building
High Barriers to Entry Submarket. Virtually no vacant development sites exist within Orlando Central Park submarket.
Institutionally Held Submarket. The majority of properties within Orlando Central Park is owned by institutional owners such as Link Industrial, Prologis, Eastgroup Properties and Fortune 1000 companies.
Consistent Superior Investment Value. The location and amenities of the Property support a high and stable asset value into the future
LOCATION OVERVIEW
Exceptionally well located within the 4,200 acre master planned, well-known southwest Orlando industrial submarket of Orlando Central Park (OCP), municipality of Orange County. The OCP submarket is comprised of approximately 30M square feet of industrial space with a current approx. vacancy of 1.0%. OCP is home to predominately institutional investors and Fortune 1000 companies given it’s excellent location and ingress egress to Orlando’s four primary arteries; Interstate 4, Florida Turnpike, SR 528/Beachline, and SR 417/ Central Florida Greenway. The surrounding area is a dynamic mix of high-end retail, theme parks, convention industry and housing. Florida Mall and Millenia Mall (½ mile and 2 miles), Universal Studios (3 miles), Orange County Convention Center (3.5 miles), downtown Orlando (6 miles away), and Disney World (9 miles away). Orlando Central Park is THE epicenter of Greater Orlando’s industrial market. Note: Universal's Epic Universe is an upcoming 750 acre Universal theme park currently under constructed and slated for completion in 2025 that is only 1.8 miles west of subject property. Significant positive impacts improvements to the nearby economy and area are expected.
ACCESS
Unparalleled accessibility to and from multiple major transportation arteries: Intersection of I- 4 / Sand Lake Road (3.5 miles), Florida Turnpike /528 (1.6 miles), I-4 / Beachline 528 (4.5 miles). Florida Turnpike / SR 417 (6 miles). Orlando International Airport (5 miles)
RENOVATIONS AND BUILDING EXPANSION TO BE COMPLETED
Glass Awning at entrance
New front door glass wall
Architectural detailing of ACM- trim and vertical details
OFFERING TERMS
Price: $12,500,000
Terms: As-Is Where-Is. All Cash
Potential for Sale and lease back in full or partial
This offering is being offered exclusively by Beasley Real Estate Services, Inc.. All inspections of the Property shall have a representative of BRES present at the inspection and no direct communication with the Owner or Tenant is allowed without the approval of BRES or the Owner. The prospective buyer will be selected by the Owner in its sole and absolute discretion on the basis of a variety of factors, including, but not limited to: i) offer price, quickest time frame to hard earnest money and other terms of the transaction; ii) prospective buyer’s financial strength, iii) proof of ability to close in a timely fashion; iv) level of demonstrated Property due diligence completed before contracting Property.
Questions regarding this Confidential Offering Memorandum information or the proposal procedure should be directed to:
Fred Beasley, SIOR
407-247-2054
2441 Viscount Row is located in the heart of Orlando's most recognizable, desirable, and strategically located business park, Orlando Central Park.
2441 Viscount Row, Orlando, Florida 32809, United States
Licensed Real Estate Broker Tel: 407.247.2054 Fred.Beasley@BRESFlorida.com
Your receipt and review of this property Memorandum and any tenant financials constitutes your acknowledgement that (i) it is solely for your limited use and benefit in determining whether you desire to express further interest in the acquisition of the Property, (ii) you will hold this information in confidence, (iii) you will not use any part of this Memorandum or documents conveyed to you in any manner that is detrimental to the Owner or Beasley Real Estate Services, Inc. ("BRES"). If after reviewing this Memorandum, you have no further interest in purchasing the Property, kindly return any documents, financials, or other materials you may have been provided to BRES, if requested by BRES.
This Memorandum provides information pertaining to the Property and the Owner, and does not purport to be all-inclusive or contain all or part of the information which prospective buyers may require to evaluate a purchase of the Property. The information contained in this Memorandum has been obtained from sources believed to be reliable, but has not been verified for accuracy, completeness, or fitness for any particular purpose. All information is presented “as is” without representation or warranty of any kind. Such information includes estimates based on forward-looking assumptions relating to the general economy, market conditions, competition and other factors which are subject to uncertainty and may not represent the current or future performance of the Property. All references to acreages, square footages, and other measurements are approximations. This Memorandum describes certain documents, including leases and other materials, in summary form. These summaries may not be complete nor accurate descriptions of the full agreements referenced. Additional information and an opportunity to inspect the Property may be made available to qualified prospective purchasers. You are advised to independently verify the accuracy and completeness of all summaries and information contained herein, to consult with independent legal and financial advisors, and carefully investigate the economics and physical attributes of the improvements of the building and the Property and Property’s suitability for your needs. ANY RELIANCE ON THE CONTENT OF THIS MEMORANDUM INFORMATION IS SOLELY AT YOUR OWN RISK.
The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest or offers to purchase the Property, and/or to terminate discussions at any time with or without notice to you. All offers, counteroffers, and negotiations shall be non-binding and neither BRES nor the Owner shall have any legal commitment or obligation except as set forth in a fully executed, definitive purchase and sale agreement delivered by the Owner.
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