Living / Multi-housing

14Fifty

1450 Neo Square Blvd, Kissimmee, FL, 34744, US

Executive Summarydownload
14Fifty_Property for Sale

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14Fifty 2_Property for Sale

Asset description

Jones Lang LaSalle Americas, Inc. (“JLL”) as exclusive advisor, is pleased to present the opportunity to acquire 14Fifty (the “Property”), a gorgeous 292-unit, Class-A, garden-style community located in Kissimmee, Florida, a region experiencing rapid economic expansion and boasting robust multi-housing fundamentals. Completed in 2021, the Property combines breathtaking waterfront views, beautifully appointed interiors, and lavish amenity spaces to deliver an unmatched luxury living destination.


Adding to the Property’s appeal is its ultra-desirable location surrounded by an abundance of Retail & Entertainment, its proximity to significant medical and healthcare facilities, and the several nearby expansive employment centers. Most notably, the Property is located adjacent to NeoCity, a 500-acre master planned urban campus serving as the global epicenter for advanced manufacturing research and development for smart sensors, photonics, and optics. 


14Fifty has leveraged its exciting location and impressive physical characteristics to lease-up rapidly and now presents a tremendous investment opportunity that is poised to achieve strong rent growth and generate durable cashflows going forward.


Attributes

Number of units
292 units
Occupancy
96.00%
Year built
2021
Building area gross
357,189 sf

Investment highlights

  • Excellent Quality of Life with Unrivaled Access to Employment & Demand Drivers
  • Most Proximate Asset to Orlando’s most exciting innovation hub, NeoCity
  • Significant Rent Growth Upside through Renewals of “First Generation” Rent Roll
  • Outstanding Multi-Housing Market Fundamentals with Anticipated 30% Rent Growth
  • Market Leading Finishes with a Best-in-Class Amenity Package
  • Stellar Macro Economic Growth Statistics with Anticipated 23% Population Growth with a 5-Mile Radius


14Fifty 4_Property for Sale

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Last updated
Nov 30, 2022