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River East Center
1515 SE Water Ave, Portland, OR 97214
99,999 sf
Jones Lang LaSalle (“JLL”) is pleased to present the exclusive opportunity to acquire Baldwin Park I & II (the “Property”), a premier office asset in the heart of Baldwin Park, Orlando. Baldwin Park I & II comprises two Class A buildings totaling 64,810 square feet, constructed in 2003 and strategically located on New Broad Street. The Property boasts an impressive 97.3% occupancy rate with a strong 5.4-year weighted average lease term “WALT”, offering stability and consistent cash flow.
The Property’s strong tenancy is anchored by RLF, who occupies the entire Baldwin Park I building and has recently extended its lease through Sep-32. Additionally, 82% of the current rentable square footage (“RSF”)has renewed at least once, demonstrating high tenant satisfaction and retention. The Property also features a unique tenant mix, with 32% of the RSF dedicated to medical uses, adding diversity and stability to the tenant base.
Baldwin Park I & II presents a rare opportunity to acquire a fully stabilized asset in one of Orlando’s most desirable mixed-use communities. The Property’s prime location, institutional quality, and strong tenancy combine to create an unparalleled investment opportunity in one of Florida’s most dynamic markets.