Avistone, LLC has announced the acquisition of Presidents Plaza located in Orlando, Florida. The 108,432 square foot multi-tenant flex / warehouse project is located in the Orlando Central Park industrial sub-market on 7.98 acres of land. Built in 1986, the project consists of three (3) buildings, and is currently 94.6% leased to 16 tenants.
The company negotiated an acquisition price well below replacement value, with solid average cash-on-cash yields and a high IRR over a 5-year holding period.
The Orlando industrial market is one of the country’s leading “institutional quality” markets, and has increasingly become a major distribution hub for Florida with its geographic position in the state at the crossroads of Interstate 4, the Florida Turnpike, the Beachline Expressway, State Road 408 and State Road 417. The region’s robust industrial market is at the forefront of economic growth with its increasing demand for warehouse/distribution facilities, and leads the state in job and financial growth. “We are excited to have entered the Orlando market. The combination of demand for industrial space and growth of the market project for a successful investment” said Richard Kent, Avistone’s Managing Principal. “Presidents Plaza aligns perfectly with Avistone’s acquisition goals of acquiring stabilized, multi-tenant business parks that produce healthy cash flow and a strong total return. We are continuing to add properties similar to Presidents Plaza to our portfolio in order to provide the yield, return, and mitigated risk for our investors.”
Avistone is a premier commercial real estate investment firm specializing in the multi-tenant business park properties. The company is currently acquiring and managing quality, stabilized multi-tenant properties in major and secondary markets throughout the U.S. from $5 to $25 million. To learn more about investing with Avistone, please email [email protected]
*Important Disclosures:
This communication is intended solely for accredited investors as such is defined in the Securities Act, and is not intended as an offer to sell, or the solicitation of an offer to buy any securities or ownership interests. The opinions and forecasts expressed herein are solely those of Avistone, LLC, as of February 24, 2023, and subject to change. Actual results, future events, predictions, circumstances and events will vary and be different from those set forth herein, and there are no guarantees that any positive or successful results, express or implied, by investors will be realized. Avistone specifically disclaims any right or obligation to provide investor returns at forecasted levels. Avistone’s track record from 2013 to December 2022; no guarantee of future results. The performance information of Avistone’s prior projects has not been audited by any third-party. The track record metrics reflect the weighted average performance of all our clients, and not every investor experienced exactly these same returns. Any and all evaluations for investment purposes must be considered in conjunction with a final Private Placement Memorandum (the “PPM”); all prospective investors are strongly encouraged to read all “risk factors” in the PPM. Further, some of the initial information provided above contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve numerous risks and uncertainties, and investors should not rely on them as predictions of future events. Investments in private securities contain a high degree of risk and often have long hold periods. They are illiquid and may result in the loss of principle. Avistone’s strategy may not occur due to numerous external influences.