MULTIFAMILY LAND OFFERING MEMORANDUM - LoopNet
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OFFERING MEMORANDUM
This exclusive listing presented by V 3 Commercial Advisors
MULTIFAMILY LAND
Rinehart Road near St Johns Parkway, Sanford, FL 32771
EXECUTIVE SUMMARY SITE PLAN DEMOGRAPHICS MARKET ANALYSIS CONTACT INFO
INVESTMENT SUMMARY
V 3 Commercial Advisors, LLC, a Florida licensed real estate broker, has been
appointed exclusive advisor for the sale and disposition of one commercial
parcel located near the northwest intersection of Upsala Road and St. Johns
Parkway in Sanford, FL. Situated within a dense retail corridor, the property is
an ideal site for a multifamily development. At less than a 3-minute drive
from three major highways (Interstate 4, State Road 46, and State Road 417),
the site provides excellent accessibility for potential residents employed by
the 15,000+ businesses located within 10 miles.
INVESTMENT HIGHLIGHTS
• Infill Multifamily Opportunity
• Ideally Located on High-Traffic Rinehart Road
• Heavy Retail Options Walkable
• Close to SR 417 and I-4
• Part of a Master Planned PD
PROPERTY SUMMARY
Parcel IDs: 28-19-30-506-0000-0270
Total Land Area (Acres): 16.50
Zoning: Planned Unit Development
Westside Industry and Commerce
WIC designation permits land use mix of NEARBY RETAILERS & AMENITIES:
commercial, office and residential which
allows a maximum floor area ratio of 0.50.
Future Land Use:
The residential density shall be a minimum
of 10 dwelling units per acre and a
maximum of 20 dwelling units per acre
where compatible with adjacent land uses.
Electric: Duke Energy
Sewer: City of Sanford
Potable Water: City of Sanford
Telephone: Bellsouth
Street AADT
Upsala Rd 7,700
Traffic Counts:
St. Johns Pkwy 13,200
Rinehart Rd 21,200
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EXECUTIVE SUMMARY SITE PLAN DEMOGRAPHICS MARKET ANALYSIS CONTACT INFO
CONCEPTUAL SITE PLAN
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EXECUTIVE SUMMARY SITE PLAN DEMOGRAPHICS MARKET ANALYSIS CONTACT INFO
RADIUS DEMOGRAPHICS
2019 Estimated Demographics
1-mile 3-mile 5-mile 10-mile
Population 10,254 47,825 121,641 339,081
Population Growth
10.03% 6.84% 7.11% 7.47%
(2019-2024)
Households 3,822 18,262 47,113 132,129
Household Growth
9.39% 6.24% 7.05% 7.39%
(2019-2024)
Average Household
$68,532 $82,638 $76,983 $74,737
Income
Median Household
$60,705 $66,844 $55,876 $56,552
Income
Household Income
2,258 11,260 25,666 73,322
$50,000+
Household Income
1,546 8,212 18,074 49,306
$75,000+
Population College
4,579 24,733 59,922 162,122
Educated or Higher
Average Age 31 37 38 40
Daytime Population 11,916 31,528 63,699 132,089
Employers 934 2,637 5,976 13,796
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EXECUTIVE SUMMARY SITE PLAN DEMOGRAPHICS MARKET ANALYSIS CONTACT INFO
DRIVE-TIME DEMOGRAPHICS
2019 Estimated Demographics
5 min 10 min 15 min 20 min
Population 11,058 67,292 175,940 359,780
Population Growth
11.88% 7.99% 7.07% 6.82%
(2019-2024)
Households 4,503 26,345 66,676 139,707
Household Growth
10.99% 7.83% 7.00% 6.64%
(2019-2024)
Average Household
$72,564 $78,355 $83,549 $82,336
Income
Median Household
$59,247 $56,104 $59,350 $59,529
Income
Household Income
2,661 14,526 38,654 82,056
$50,000+
Household Income
1,785 10,296 27,240 56,441
$75,000+
Population College
5,425 31,879 83,369 174,798
Educated or Higher
Average Age 31 36 38 40
Daytime Population 15,142 47,338 84,520 156,909
Employers 1,179 4,326 8,440 16,976
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EXECUTIVE SUMMARY SITE PLAN DEMOGRAPHICS MARKET ANALYSIS CONTACT INFO
GREATER ORLANDO MSA
While Orlando is renowned worldwide for its tropical climate and relaxed lifestyle, the region also is one of the top 10 locations in the country for business. From
corporate headquarters to regional distribution centers, from product manufacturing to high tech research, the region of Orange, Seminole, Osceola, and Lake
counties and the City of Orlando spans a dynamic economic spectrum.
Major international companies have a presence in Orlando. Walt Disney Company, Lockheed Martin, Siemens Energy, Mitsubishi-Hitachi Power Systems, L-3
Communications, Science Applications International Corporation (SAIC), Electronic Arts, Northrop Grumman, Darden Restaurants, Verizon Communications,
Tupperware Brands Corp., American Automobile Association (AAA), Ruth’s Chris Steak House, Deloitte and more. Orlando is also home to the U.S. operations of
Germany’s Siemens Energy, Japan’s Mitsubishi Hitachi Power Systems, Spain’s Indra System, Australia’s Adacel to name a few. In total, more than 150
international companies, representing about 20 countries, have facilities in Orlando.
Tourism — and the tax revenue generated from it — enables substantial infrastructure investment that further enhances the quality of life. The region provides a
rich lifestyle for residents through cultural opportunities, arts, fashion, music, amateur and professional sports, favorable weather and abundant recreational
activities. From a brand-new performing arts center and MLS stadium to a renovated Camping World Stadium, Orlando is also home to the Amway Center,
named among the nation’s top sports venues.
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EXECUTIVE SUMMARY SITE PLAN DEMOGRAPHICS MARKET ANALYSIS CONTACT INFO
SEMINOLE COUNTY LEADING EMPLOYERS
Industry growth in Seminole has taken several forms. Most notable is Company Number of Employees
the establishment of corporate headquarters, such as American Seminole County Public Schools 7,687
Automobile Association (AAA), Mitsubishi Hitachi Power Systems, Orlando Sanford International Airport 3,500
Scholastic Book Fairs and Sears Home Improvement Products, as well AT&T Mobility 3,063
as the emergence of many high-tech companies, including CuraScript, Central Florida Regional Hospital 2,108
NCR, Faro Technologies, Deloitte IT Consulting and Convergys. On- Consulate Health Care 2,000
going expansion at the Orlando Sanford International Airport (SFB), Chase Card Services 1,900
coupled with the state's largest foreign trade zone designation, has
Convergys 1,800
helped SFB become the third most active international airport in
Deloitte Consulting 1,800
Florida and the 12th most active in the United States.
Seminole State College of Florida 1,612
Seminole County has prepared for growth with everything from a new Seminole County Government 1,581
expressway to pre-approved development sites, specialized job Verizon 1,300
training and infrastructure incentives. The county's public-school Liberty Mutual Group 1,070
system is rated among the highest in the state, and the median South Seminole Hospital 1,040
household effective buying income is the highest in the region. The Digital Risk 1,037
municipalities of Oviedo and Winter Springs consistently rank as best Veritas Technologies 932
places to live by CNN Money Magazine. Symantec Corporation 800
Pershing 800
ECONOMY
The economy of Seminole County, FL employs 245k people with the Fiserv 700
largest industries being Health Care & Social Assistance (32,077 American Automobile Association 689
people), Professional, Scientific, & Technical Services (25,511 people), Tri-City Electrical Contractors 601
and Retail Trade (23,987 people). The median household income in The Hartford Financial Services Group 600
Seminole County, FL is $64,049. Benada Alumnium Products 600
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EXECUTIVE SUMMARY SITE PLAN DEMOGRAPHICS MARKET ANALYSIS CONTACT INFO
EDUCATION
Seminole County Public Schools (SCPS) is renowned as a Premier
National School District. SCPS is the 12th largest school district in
Florida and is 60th nationally. It boasts 37 traditional Elementary
Schools, 12 Middle Schools, and 9 High Schools. Student enrollment
throughout the county is more than 67,000.
For higher education, Seminole County is in proximity to more than 35
colleges, universities, technical schools and private institutions as well
as continuing education programs that offer on-going opportunities for SEMINOLE STATE COLLEGE OF FLORIDA
workers sharpening their skills.
TRANSPORTATION
Just off Interstate 4 and close to Interstate 95 and the Florida turnpike,
Seminole County maintains a strong infrastructure with approximately
1,900 miles of roadways. Approximately five miles of the 21-mile I-
4 Ultimate project is taking place in Seminole County.
Orlando Sanford International Airport flies directly into the city of
Sanford, located in northern Seminole County. The airport is
consistently in the top 30 busiest airports in the world in terms of total
flight operations. It is the Orlando area's secondary commercial airport,
but it is farther away from Downtown Orlando and the major theme
parks than Orlando International Airport. Orlando Sanford International ORLANDO SANFORD INTERNATIONAL AIRPORT
Airport was once dominated by European charter carrier service, but
since 2008 most of its passenger traffic has been domestic; this is
attributable to the entrance of Las Vegas-based Allegiant Air, for which
Sanford is a focus city.
Public transportation in Seminole County consists of LYNX and SunRail
which both operate throughout the Central Florida region. LYNX
operates a total of 88 bus routes in the Orlando area, serving Orange,
Osceola, and Seminole counties with limited service to Polk County.
SunRail is a commuter rail system in the Greater Orlando region which
comprises 16 stations connecting Volusia, Seminole, Orange, and
Osceola Counties.
I-4 WEST IN SANFORD
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EXECUTIVE SUMMARY SITE PLAN DEMOGRAPHICS MARKET ANALYSIS CONTACT INFO
SANFORD
Sanford is a growing city with a population of 60,000, in close proximity
to Interstate 4 and State Road 417, halfway between the attractions of
Orlando and the beaches. Sanford sits on the south shore of Lake
Monroe, providing a waterfront backdrop to the city. One of Central
Florida’s oldest incorporated cities, Sanford is well-known for its brick-
lined streets, towering oaks, elegant store-fronts, and large nineteenth-
century Victorian homes.
DOWNTOWN SANFORD BOARDWALK
Sanford is a dynamic area within Orlando that boasts convenience,
affluent residents, and leading employment growth rates. The region
holds national recognition as a place for stellar job growth and as an
amazing place to live. Neighborhoods here have developed rapidly over
the past ten years as growth from Orlando continues to push north.
There are several high-quality office, retail, and residential SANFORD SUNRAIL STATION
developments which have made the submarket one of the most
desirable in the Southeast.
A growing population driven by strong white-collar job creation
supports additional upscale retail, education and infrastructure
development. Additionally, higher education options are easily
accessible from Sanford. The University of Central Florida, the nation’s
second largest public university by enrollment is just 20 minutes from
the property. Meanwhile, Seminole State College of Florida, a public
state college, is only 9.4 miles away and Full Sail University, a
specialized audio/video/film production school is located in Winter
Park, is just 20 minutes away.
CENTRAL FLORIDA ZOO
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EXECUTIVE SUMMARY SITE PLAN DEMOGRAPHICS MARKET ANALYSIS CONTACT INFO
MEMORANDUM DISCLAIMER
This Offering Memorandum (“OM”) is
provided for the sole purpose of allowing a
potential investor to evaluate whether there is
interest in proceeding with further discussions regarding
a possible purchase of or investment in the subject Property.
The potential investor is urged to perform its own examination and inspection
of the Property and information relating to same and shall rely solely on such
examination and investigation and not on this Brochure or any materials, statements or
information contained herein or otherwise provided by owner and its representatives.
Neither Owner, V 3 Commercial Advisors, nor any of their respective partners, directors, officers, employees
and agents (“Agents”), make any representations or warranties, whether express or implied, by operation of law
ADVISORY CONTACT
or otherwise, with respect to this OM or the Property or any materials, statements (including financial statements
and projections) or information contained herein or relating thereto, or as to the accuracy or completeness of such
materials, statements or information, or as to the condition, quality or fitness of the Property, or assumes any
responsibility with respect thereto. Such materials, statements and information have in many circumstances been
obtained from outside sources and have not been tested or verified.
Miguel de Arcos
This OM is provided subject to errors, omissions, change of price or terms and other changes to the materials,
statements and information contained herein or relating to the Property, and is subject to withdrawal, all without (407) 257-7334
notice. The contents hereof are confidential and are not to be reproduced or distributed to any person or entity Miguel@CentralParcGroup.com
without the prior written consent of Agents or Owner or used for any purpose other than initial evaluation as
indicated above.
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