he site has excellent visibility from Colonial Drive with a billboard size pylon and, recently, a new parking lot was installed with LED lighting throughout. Furthermore the underlying real estate has a high land value, with some of the recent land sales in the immediate area have traded over $1 M per acre. The Property is also positioned just 2 miles south of the University of Central Florida (UCF) one of the largest Universities in the US, boasting over 64,000 students on a 1,415-acre campus. The Central Florida Research Park is also located within close proximity of the property and is the largest research park in the state employing more than 10,000 people. The current MSA has a population of over 2.5 million residents with a 5-year projected population growth rate of 8.3% and year-over-year employment growth rate of 3.3%. This makes Orlando the second fastest growing MSA in the United States.
Holliday Fenoglio Fowler, L.P. Net Lease Advisory (“HFF”) has been retained by the seller to exclusively offer a net lease opportunity to acquire a single tenant Corporate Academy Sports located at Alafaya Commons (the “Property”). The Property is located at the 13-lane signalized intersection of East Colonial Drive (41,500 VPD) and Alafaya Trail (53,000 VPD), which is the most heavily traveled intersection in the region with a signalized entrance into the center from East Colonial Drive.
Director, Capital Markets
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