Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Documents

Enter the "Deal room" for exclusive documents related to this property.

The Deal Room features confidential documents related to this property. To access the Deal Room, you will need to be logged in. If you don't have an account, please create one. More questions? Visit our FAQ.
I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Key Facts

Year Built 1997
Building Area

Property Description

Jones Lang LaSalle (“JLL”) is pleased to exclusively offer the opportunity to acquire Celebration Business Center (“CBC” or “The Property”), a two-building 106,068 square foot multi-tenant, single story office portfolio located in Orlando, FL.  The Property was constructed in 1997 and offers unique, flexible layouts for office, medical office and creative office tenants including 16’ clear heights, roll up doors and extensive plumbing. This asset is currently 82% occupied and sits within the Tourist Corridor submarket that is currently 94% occupied, providing the opportunity for investors to increase cash flow through lease up. CBC features a strong mix of local and national tenants and is anchored by Walt Disney World (S&P “A” Rated) who occupies 37% of the Gross Leasable Area.

The master planned community of Celebration was developed by The Walt Disney World Company in the 1990’s and is one of the most successful in all of Central Florida. This live, work, play community features two “A” rated public schools, average home prices that are two times greater than the metro Orlando area, community centers, neighborhood walking trails and top-rated golf courses, providing a high quality of life for residents. Less than a mile away is the amenity rich TownCenter at Celebration featuring numerous restaurants, cafes, coffee shops and specialty food stores. CBC also sits less than a half mile from AdventHealth Celebration Hospital, a 315,000 square foot, 220 bed acute-care facility that services residents as well as Walt Disney World Resort visitors.

The asset is ideally positioned at the confluence of two of the most heavilly trafficked interstates in Florida, The Greeneway (SR 417) and I-4. It is also sits at the epicenter of the undisputed tourism capital of the world and stands to benefit from the full reopening of Orlando’s major theme parks. Celebration Business Center offers investors the opportunity to acquire a quality single-story office park at well below market occupancy with both significant existing cash flow and upside through increased occupancy.

Investment Highlights

  • DISNEY ANCHORED “A” RATED


  • RARE VALUE-ADD OPPORTUNITY WITH 82% OCCUPANCY


  • LOCATED IN TOURIST CORRIDOR / CELEBRATION SUBMARKET WITH NUMEROUS AMENITIES


  • SINGLE STORY OFFICE ASSET WITH DIRECT ACCESS


  • FLEXIBLE LAYOUTS WITH 16' CEILING HEIGHTS AND EN-SUITE PLUMBING AND RESTROOMS


  • ORLANDO, FL MSA WITH STRONG ECONOMIC FUNDAMENTALS 


  •  MEDICAL OFFICE TENANTS INCLUDING DAVITA DIALYSIS AND THE WOMEN'S CENTER
Last Updated Date: 28 May 2021
Robbie McEwan
Robbie McEwan, CCIM, SIOR
Senior Director, Capital Markets
Broker Licenses
FL-SL3207356

There was an error submitting your request. Please try again, or submit you inquiry here.

 

PRIVACY NOTICE

Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of dealing with your enquiry.

We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.

+63282312281
Last Updated Date: 28 May 2021

Do you have any questions?  Visit our FAQ page

JLL  financing

JLL can help you finance and manage your portfolio.
Email us today to see how we can help achieve your ambitions.