River East Center
1515 SE Water Ave, Portland, OR 97214
9,290 m²
Jones Lang LaSalle Americas (“JLL”) is pleased to exclusively offer the opportunity to acquire Celebration Office Center I & II (the “Property or “Asset”), two Class A office buildings totaling 161,437 rentable square feet located in the thriving community of Celebration, Florida. Anchored by Walt Disney World (54% RSF) who recently expanded their occupancy by over 20,000 square feet reconfirming their commitment to the asset. Disney has occupied this asset for over 20 years and continues to demonstrate an appetite for expansion within the submarket. The property is currently 98.5% leased and boasts significant historical tenant retention with a 11.7-year WATT (“Weighted Average Tenant Tenure”). The Asset’s exceptional location offers convenient, direct access to two of Orlando’s busiest highways, Interstate 4 and The Greenway (SR 417). One of Central Florida’s most sought-after submarkets, Celebration showcases an average occupancy of 98% and an 83% population increase over the past decade.
At a current occupancy of 98.5% and with a renewed commitment from Disney, who has occupied the asset since Jan-2001, Celebration Office Center offers a unique opportunity to acquire a well performing asset in a high growth micro market.
DIVERSE QUALITY CREDIT TENANT PROFILE
NEARBY HOUSING ACCESSIBILITY
DISNEY EMPLOYMENT DRIVER
IMMEDIATE HIGHWAY ACCESS AND EXCELLENT CONNECTIVITY
ROBUST AMENITY HUB
ATTRACTIVE COST BASIS