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Rinehart Rd near St Johns Pkwy, Sanford, FL - Land OM
(08.10.2020)MULTIFAMILY LAND Rinehart Road near St Johns Parkway,
Sanford, FL 32771This exclusive listing presented by V 3 Commercial
Advisors
OFFERING MEMORANDUM
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PROPERTY SUMMARY Parcel IDs: Total Land Area (Acres): 16.50 Zoning:
Planned Unit Development
Future Land Use:
Electric: Duke Energy Sewer: City of Sanford Potable Water: City of
Sanford Telephone: Bellsouth
Street AADT Upsala Rd 7,700 St. Johns Pkwy 13,200 Rinehart Rd
21,200
Traffic Counts:
Westside Industry and Commerce WIC designation permits land use mix
of commercial, office and residential which allows a maximum floor
area ratio of 0.50. The residential density shall be a minimum of
10 dwelling units per acre and a maximum of 20 dwelling units per
acre where compatible with adjacent land uses.
28-19-30-506-0000-0270
INVESTMENT SUMMARY V 3 Commercial Advisors, LLC, a Florida licensed
real estate broker, has been appointed exclusive advisor for the
sale and disposition of one commercial parcel located near the
northwest intersection of Upsala Road and St. Johns Parkway in
Sanford, FL. Situated within a dense retail corridor, the property
is an ideal site for a multifamily development. At less than a
3-minute drive from three major highways (Interstate 4, State Road
46, and State Road 417), the site provides excellent accessibility
for potential residents employed by the 15,000+ businesses located
within 10 miles.
INVESTMENT HIGHLIGHTS • Infill Multifamily Opportunity • Ideally
Located on High-Traffic Rinehart Road • Heavy Retail Options
Walkable • Close to SR 417 and I-4 • Part of a Master Planned
PD
NEARBY RETAILERS & AMENITIES:
Sheet1
Planned Unit Development
Future Land Use:
Westside Industry and Commerce WIC designation permits land use mix
of commercial, office and residential which allows a maximum floor
area ratio of 0.50. The residential density shall be a minimum of
10 dwelling units per acre and a maximum of 20 dwelling units per
acre where compatible with adjacent land uses.
Electric:
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Population 10,254 47,825 121,641 339,081
Population Growth (2019-2024)
Household Growth (2019-2024)
4,579 24,733 59,922 162,122
Employers 934 2,637 5,976 13,796
Multifamily Land
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4,579
24,733
59,922
162,122
DRIVE-TIME DEMOGRAPHICS
2019 Estimated Demographics 5 min 10 min 15 min 20 min
Population 11,058 67,292 175,940 359,780
Population Growth (2019-2024)
Household Growth (2019-2024)
5,425 31,879 83,369 174,798
Employers 1,179 4,326 8,440 16,976
Multifamily Land
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5,425
31,879
83,369
174,798
15,142
47,338
84,520
156,909
Employers
1,179
4,326
8,440
16,976
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GREATER ORLANDO MSA While Orlando is renowned worldwide for its
tropical climate and relaxed lifestyle, the region also is one of
the top 10 locations in the country for business. From corporate
headquarters to regional distribution centers, from product
manufacturing to high tech research, the region of Orange,
Seminole, Osceola, and Lake counties and the City of Orlando spans
a dynamic economic spectrum.
Major international companies have a presence in Orlando. Walt
Disney Company, Lockheed Martin, Siemens Energy, Mitsubishi-Hitachi
Power Systems, L-3 Communications, Science Applications
International Corporation (SAIC), Electronic Arts, Northrop
Grumman, Darden Restaurants, Verizon Communications, Tupperware
Brands Corp., American Automobile Association (AAA), Ruth’s Chris
Steak House, Deloitte and more. Orlando is also home to the U.S.
operations of Germany’s Siemens Energy, Japan’s Mitsubishi Hitachi
Power Systems, Spain’s Indra System, Australia’s Adacel to name a
few. In total, more than 150 international companies, representing
about 20 countries, have facilities in Orlando.
Tourism — and the tax revenue generated from it — enables
substantial infrastructure investment that further enhances the
quality of life. The region provides a rich lifestyle for residents
through cultural opportunities, arts, fashion, music, amateur and
professional sports, favorable weather and abundant recreational
activities. From a brand-new performing arts center and MLS stadium
to a renovated Camping World Stadium, Orlando is also home to the
Amway Center, named among the nation’s top sports venues.
Multifamily Land
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SEMINOLE COUNTY Industry growth in Seminole has taken several
forms. Most notable is the establishment of corporate headquarters,
such as American Automobile Association (AAA), Mitsubishi Hitachi
Power Systems, Scholastic Book Fairs and Sears Home Improvement
Products, as well as the emergence of many high-tech companies,
including CuraScript, NCR, Faro Technologies, Deloitte IT
Consulting and Convergys. On- going expansion at the Orlando
Sanford International Airport (SFB), coupled with the state's
largest foreign trade zone designation, has helped SFB become the
third most active international airport in Florida and the 12th
most active in the United States.
Seminole County has prepared for growth with everything from a new
expressway to pre-approved development sites, specialized job
training and infrastructure incentives. The county's public-school
system is rated among the highest in the state, and the median
household effective buying income is the highest in the region. The
municipalities of Oviedo and Winter Springs consistently rank as
best places to live by CNN Money Magazine.
ECONOMY The economy of Seminole County, FL employs 245k people with
the largest industries being Health Care & Social Assistance
(32,077 people), Professional, Scientific, & Technical Services
(25,511 people), and Retail Trade (23,987 people). The median
household income in Seminole County, FL is $64,049.
LEADING EMPLOYERS Company Number of Employees Seminole County
Public Schools 7,687 Orlando Sanford International Airport 3,500
AT&T Mobility 3,063 Central Florida Regional Hospital 2,108
Consulate Health Care 2,000 Chase Card Services 1,900 Convergys
1,800 Deloitte Consulting 1,800 Seminole State College of Florida
1,612 Seminole County Government 1,581 Verizon 1,300 Liberty Mutual
Group 1,070 South Seminole Hospital 1,040 Digital Risk 1,037
Veritas Technologies 932 Symantec Corporation 800 Pershing 800
Fiserv 700 American Automobile Association 689 Tri-City Electrical
Contractors 601 The Hartford Financial Services Group 600 Benada
Alumnium Products 600
Multifamily Land
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1,612
600
600
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EDUCATION Seminole County Public Schools (SCPS) is renowned as a
Premier National School District. SCPS is the 12th largest school
district in Florida and is 60th nationally. It boasts 37
traditional Elementary Schools, 12 Middle Schools, and 9 High
Schools. Student enrollment throughout the county is more than
67,000.
For higher education, Seminole County is in proximity to more than
35 colleges, universities, technical schools and private
institutions as well as continuing education programs that offer
on-going opportunities for workers sharpening their skills.
TRANSPORTATION Just off Interstate 4 and close to Interstate 95 and
the Florida turnpike, Seminole County maintains a strong
infrastructure with approximately 1,900 miles of roadways.
Approximately five miles of the 21-mile I- 4 Ultimate project is
taking place in Seminole County.
Orlando Sanford International Airport flies directly into the city
of Sanford, located in northern Seminole County. The airport is
consistently in the top 30 busiest airports in the world in terms
of total flight operations. It is the Orlando area's secondary
commercial airport, but it is farther away from Downtown Orlando
and the major theme parks than Orlando International Airport.
Orlando Sanford International Airport was once dominated by
European charter carrier service, but since 2008 most of its
passenger traffic has been domestic; this is attributable to the
entrance of Las Vegas-based Allegiant Air, for which Sanford is a
focus city.
Public transportation in Seminole County consists of LYNX and
SunRail which both operate throughout the Central Florida region.
LYNX operates a total of 88 bus routes in the Orlando area, serving
Orange, Osceola, and Seminole counties with limited service to Polk
County. SunRail is a commuter rail system in the Greater Orlando
region which comprises 16 stations connecting Volusia, Seminole,
Orange, and Osceola Counties.
SEMINOLE STATE COLLEGE OF FLORIDA
ORLANDO SANFORD INTERNATIONAL AIRPORT
I-4 WEST IN SANFORD
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SANFORD Sanford is a growing city with a population of 60,000, in
close proximity to Interstate 4 and State Road 417, halfway between
the attractions of Orlando and the beaches. Sanford sits on the
south shore of Lake Monroe, providing a waterfront backdrop to the
city. One of Central Florida’s oldest incorporated cities, Sanford
is well-known for its brick- lined streets, towering oaks, elegant
store-fronts, and large nineteenth- century Victorian homes.
Sanford is a dynamic area within Orlando that boasts convenience,
affluent residents, and leading employment growth rates. The region
holds national recognition as a place for stellar job growth and as
an amazing place to live. Neighborhoods here have developed rapidly
over the past ten years as growth from Orlando continues to push
north. There are several high-quality office, retail, and
residential developments which have made the submarket one of the
most desirable in the Southeast.
A growing population driven by strong white-collar job creation
supports additional upscale retail, education and infrastructure
development. Additionally, higher education options are easily
accessible from Sanford. The University of Central Florida, the
nation’s second largest public university by enrollment is just 20
minutes from the property. Meanwhile, Seminole State College of
Florida, a public state college, is only 9.4 miles away and Full
Sail University, a specialized audio/video/film production school
is located in Winter Park, is just 20 minutes away.
DOWNTOWN SANFORD BOARDWALK
SANFORD SUNRAIL STATION
CENTRAL FLORIDA ZOO
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MEMORANDUM DISCLAIMER This Offering Memorandum (“OM”) is provided
for the sole purpose of allowing a potential investor to evaluate
whether there is interest in proceeding with further discussions
regarding a possible purchase of or investment in the subject
Property.
The potential investor is urged to perform its own examination and
inspection of the Property and information relating to same and
shall rely solely on such examination and investigation and not on
this Brochure or any materials, statements or information contained
herein or otherwise provided by owner and its
representatives.
Neither Owner, V 3 Commercial Advisors, nor any of their respective
partners, directors, officers, employees and agents (“Agents”),
make any representations or warranties, whether express or implied,
by operation of law or otherwise, with respect to this OM or the
Property or any materials, statements (including financial
statements and projections) or information contained herein or
relating thereto, or as to the accuracy or completeness of such
materials, statements or information, or as to the condition,
quality or fitness of the Property, or assumes any responsibility
with respect thereto. Such materials, statements and information
have in many circumstances been obtained from outside sources and
have not been tested or verified.
This OM is provided subject to errors, omissions, change of price
or terms and other changes to the materials, statements and
information contained herein or relating to the Property, and is
subject to withdrawal, all without notice. The contents hereof are
confidential and are not to be reproduced or distributed to any
person or entity without the prior written consent of Agents or
Owner or used for any purpose other than initial evaluation as
indicated above.
ADVISORY CONTACT
Miguel@CentralParcGroup.com