0 Hwy 27, Davenport, FL | Davenport Land
US - Davenport, FL
SEK 25,991,000 | 2.25 ha
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to present the opportunity to acquire Catalina Pointe (the “Property” or “Site”), a ±36-acre, shovel-ready build-to-rent development site located in Deltona, FL, (Greater Orlando) - one of Florida’s most exciting and rapidly expanding markets. Ownership has secured approvals for a 277-unit build-to-rent community (the “Development” or “Project”), which will consist of 56 one-bedroom duplexes, 133 single-story cottages, and 88 two-story townhomes with garages, all with private backyards. The Site contains roughly 1.76 acres of commercial land that is not part of the offering, making the net buildable residential area 34.83 acres.
Deltona is experiencing transformational population and employment growth, driven by significant investment across multiple industries including healthcare, logistics, education, and construction. Furthermore, Deltona has emerged as a value alternative to living in Orlando, where multifamily rents have increased 45% since 2020 - which is forcing the working class to seek more affordable living options.
The Property is located within a 5-minute drive of several large-scale projects, most notably the Howland Job Zone, a major master-planned development that is comprised of the Portland Industrial Park (3 million SF of industrial space anchored by Amazon), Medical Arts District (95-bed, $152 million Halifax | UF Hospital), and Deltona Village (600,000 SF of retail anchored by EPIC theaters). Additionally, the DeLand Tech Park, located within a short drive from Catalina Pointe, will deliver 1.5 million SF of industrial space as well as 240,000 SF of retail and restaurants. Further adding to the location’s appeal is a renowned school district comprised of top-rated schools (one A-rated and three B-rated), and 5 million SF of retail within a 5-mile radius, including a Winn-Dixie supermarket which is across the street. Additionally, the Property benefits fantastic visibility along Howland Blvd (30,000 VPD) which provides immediate linkage to the I-4 corridor (92,500 VPD). Catalina Pointe is strategically located within a 25-minute drive of both Orlando and Daytona Beach - offering residents the best of both worlds; an opportunity to live within a short-drive of an action-packed international city, with superior connectivity to one of the most beautiful beaches in Florida.
With the combination of high-quality employers, population growth, and strong residential fundamentals, Catalina Pointe offers a rare shovel-ready BTR development opportunity in the
thriving Greater Orlando.
· Extremely Rare, Shovel-Ready Build-to-Rent Project in Greater Orlando
· Located within a Highly-Amenitized Neighborhood
· Booming Employment within Driving Distance to Catalina Pointe
· Rapid Connectivity to Downtown Orlando & Other Major Markets
· Strong Multi-Housing Market Fundamentals