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Mixed-Use

The Exchange

270 W Plant St, Winter Garden, FL 34787

Listing Price: $23,000,000

Cap Rate
6.20%
Number of Suites
14
Gross SF
45,687
Rentable SF
42,825
Price/Gross SF
$503.43
Lot Size
0.51 acres
Year Built
2021

Investment Overview

New to the investment market, Marcus & Millichap has been retained by ownership and is exclusively offering for purchase this outstanding, 45,687 square foot, three story Mixed-Use development in Winter Garden, Florida. Completed in 2021 and 100% leased, this new complex is ideally situated on a half-acre site in the center of town in the absolutely best possible location. Located in this historic community about 14 miles due west of downtown Orlando, “The Exchange” is adjacent to City hall, municipal facilities, parking, shopping, restaurants, and parks that surround the building. The first floor has seven retail tenants including two significant modern, new trend restaurants which have become very popular since the recent opening. The retail portion of the rent roll on the ground floor represent nearly 29% of the leased space, while seven more professional companies occupy floors two and three. The construction of the building and the interior finishes are of high quality and provide beautiful aesthetic appeal in creating what is a true “Trophy” asset for any investor. All of the tenants have annual rental increases and have lease terms ranging from five to ten years in length. Street parking is adjacent and very close in two nearby structures for the customer, clients and tenant employees. While Orlando has a booming MSA population of more than 2.63 million, Winter Garden is a historic and charming city of more than 45,000 people with a “juicy” past. After being settled in the 1850’s, the fertile land became a great spot for citrus farming and soon had rail service to export and move the citrus to other markets. By the end of the 19th Century, the business district had grown up alongside two active rail lines driving commerce for the area. The City was established in 1903 and as the citrus industry grew in importance and acreage, the commercial district continued to expand. Through the many years since, Winter Garden’s architectural heritage remained intact. The establishment of the West Orange Trail attracted thousands of visitors eager to patronize the new shops and restaurants that moved into the old buildings in town. In 1996, downtown Winter Garden was listed on the National Register of Historic Places after concerned citizens and community leaders rallied to rescue the commercial district.

Investment Highlights

  • o New Construction, 100% Leased Pride-of-Ownership Property in Growing Orlando
  • o Strong, Triple-Net, Long Term Leases With Annual Increases in Place For All Tenants
  • o Historic "Old Florida" Town Of Winter Garden With Beautiful Architectural Retention

Exclusively Listed By

Broker of Record

  • Ryan Nee

    Senior Vice President/ Division Manager

    (954) 245-3400

    License(s) FL: BK3154667

    Florida

Listing Price: $23,000,000

Cap Rate
6.20%
Number of Suites
14
Gross SF
45,687
Rentable SF
42,825
Price/Gross SF
$503.43
Lot Size
0.51 acres
Year Built
2021

Investment Highlights

  • o New Construction, 100% Leased Pride-of-Ownership Property in Growing Orlando
  • o Strong, Triple-Net, Long Term Leases With Annual Increases in Place For All Tenants
  • o Historic "Old Florida" Town Of Winter Garden With Beautiful Architectural Retention

Investment Overview

New to the investment market, Marcus & Millichap has been retained by ownership and is exclusively offering for purchase this outstanding, 45,687 square foot, three story Mixed-Use development in Winter Garden, Florida. Completed in 2021 and 100% leased, this new complex is ideally situated on a half-acre site in the center of town in the absolutely best possible location. Located in this historic community about 14 miles due west of downtown Orlando, “The Exchange” is adjacent to City hall, municipal facilities, parking, shopping, restaurants, and parks that surround the building. The first floor has seven retail tenants including two significant modern, new trend restaurants which have become very popular since the recent opening. The retail portion of the rent roll on the ground floor represent nearly 29% of the leased space, while seven more professional companies occupy floors two and three. The construction of the building and the interior finishes are of high quality and provide beautiful aesthetic appeal in creating what is a true “Trophy” asset for any investor. All of the tenants have annual rental increases and have lease terms ranging from five to ten years in length. Street parking is adjacent and very close in two nearby structures for the customer, clients and tenant employees. While Orlando has a booming MSA population of more than 2.63 million, Winter Garden is a historic and charming city of more than 45,000 people with a “juicy” past. After being settled in the 1850’s, the fertile land became a great spot for citrus farming and soon had rail service to export and move the citrus to other markets. By the end of the 19th Century, the business district had grown up alongside two active rail lines driving commerce for the area. The City was established in 1903 and as the citrus industry grew in importance and acreage, the commercial district continued to expand. Through the many years since, Winter Garden’s architectural heritage remained intact. The establishment of the West Orange Trail attracted thousands of visitors eager to patronize the new shops and restaurants that moved into the old buildings in town. In 1996, downtown Winter Garden was listed on the National Register of Historic Places after concerned citizens and community leaders rallied to rescue the commercial district.

Exclusively Listed By

Broker of Record

  • Ryan Nee

    Senior Vice President/ Division Manager

    (954) 245-3400

    License(s): FL: BK3154667

    Florida

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