ORLANDO, FL -- CBRE, as exclusive advisor, is pleased to
offer Maitland Green I & II together with Southpoint Executive for sale in the prestigious Maitland Center office submarket, one of
the most established suburban submarkets in the Southeast.
Maitland Center’s large concentration of institutional
developers and owners has historically been a strong draw for credit tenants.
Investment Highlights
 |
| Ron Rogg |
Leasing Momentum—The
Portfolio has consistently demonstrated its desirability within the market by
attracting 14 new tenants including 125,092 square feet since mid-2012, and a
total of 134,493 square feet when accounting for renewals and expansions.
Credit Tenant
Base—137,967 square feet, approximately 50 percent of the portfolio, is
occupied by credit tenants, including two government credit tenants and seven
public companies with a combined market cap of more than $60 billion.
Predictability of Cash Flow —The average
remaining lease term for the Portfolio is 4.0 years, thus providing investors
with predictable cash-flow while maintaining the opportunity to take advantage
of market rent growth in the future. There is less than 4% rollover in the
first year of the analysis, while averaging only 8.1% annual rollover during
the first three years. The five largest tenants (128,249 SF) have an average
remaining lease term of 4.9 years.
Value
Enhancement—The Portfolio is poised for significant value enhancement through
the marking to market of certain in-place tenant leases. Average in-place rents
are below the weighted average future market rent projections, allowing an
investor to unlock significant value from the re-leasing of future rollover and
leasing of vacant space.
Upside
Potential—With no new large office building construction in the entire Orlando
MSA, the Portfolio's approximately 60,708 square feet of vacancy will be
perfectly positioned to capture tenant demand.
Barriers to
Entry—There are no remaining available land sites within Maitland Center that
will support large office building construction, which results in product
scarcity, and promotes strong, sustainable rent growth.
Unencumbered/Market
Financing—The property is offered unencumbered by existing financing. The
combination of credit occupancy, strong in-place income, and upside potential
will enable investors to maximize returns through aggressive financing
alternatives.
For a complete copy of the company’s news release, please
contact:
Ronald J. Rogg, CCIM
Executive Vice President
+1 407 839 3194
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