369 N New York Ave_Property for Sale
369 N New York Ave_Property for Sale
369 N New York Ave, Winter Park, FL, 32789, US

369 N New York Ave

Asset Description

Jones Lang Lasalle (“JLL”) is pleased to exclusively offer the opportunity to acquire 369 N New York Ave (the “Property”), a 27,948 square foot multi-tenant office building in the prestigious Winter Park office submarket. The Property is 100% leased with a strong tenant profile and a weighted average lease term of 5.1 years, providing investors with a stable and predictable annual cash flow. Also included in the offering is a rare in-fill development opportunity in Downtown Winter Park, allowing investors to maximize the value of the Property’s irreplaceable location. In addition, the Property provides optionality for an owner-user to occupy a portion of the building.


Winter Park is a highly coveted submarket with a reputation as the most affluent neighborhood of Orlando, featuring the lowest vacancy rate and highest asking rents of all of Orlando’s largest office submarkets. The area is known for its beautiful lakefront estates, executive homes, top-rated schools, parks, and community areas. This asset is situated just steps away from the eclectic retail and dining destination of Park Avenue.

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Attributes

Building area gross
2,596 m²
Occupancy
100%
Year built
1983
Land area gross
0.91 ha
NOI
SGD 991,000

Media

Investment Highlights

STABLE INCOME

Weighted average lease term remaining is 5.1 years and Winter Park office vacancy is less than 5%


CREDIT TENANCY

Synovus (NYSE: SNV) and CTO Realty Growth (NYSE: CTO) are both publicly traded companies


PREMIER LOCATION

Steps from high-end Park Avenue shopping and dining


HIGH BARRIERS TO ENTRY

Lack of available land in Downtown Winter Park


REDEVELOPMENT POTENTIAL

Rare opportunity for additional development upon rezoning


EXCEPTIONAL CONNECTIVITY

Centrally located within the Orlando MSA and just steps away from SunRail


STRONG DEMOGRAPHICS

Winter Park is among Orlando’s most affluent areas, boasting an average household income of $150k

Contact brokers

369 N New York Ave (0 Properties)

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Last updated
14 Aug 2023