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ORLANDO SELF STORAGE INVESTMENT OPPORTUNITY Jeff Gindi Broker/Principal 108 Commerce St. Suite 200 Lake Mary, FL 32746 Office: (407) 647-0200 Cell: (407) 925-4464 Email: [email protected] Valencia Self Storage Exclusively Marketed By:

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ORLANDO SELF STORAGEINVESTMENT OPPORTUNITY

Jeff GindiBroker/Principal108 Commerce St. Suite 200Lake Mary, FL 32746Office: (407) 647-0200Cell: (407) 925-4464Email: [email protected]

Valencia Self Storage

Exclusively Marketed By:

Table of Contents

Offering SummaryProject Summary……………………..………..….3

Property InformationMaps…………………………………………….……..4,5Aerials…………………………………………….……6,7Roadway Pictures……………………………..…….8

Market InformationOrlando Economic Information……………...9Demographics……………………………….………10Competition Analysis………………………..…..11Competitive Projects………………………..12-15

Financial ProjectionsSite Plan……………………………………….….…….16Demand Analysis……………………………………17Unit Mix………………………………………………...18Cash Flow Projections…………………………….19

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PROJECT SUMMARY

• Address: 8751 Valencia College LaneOrlando, FL

• 75,000 Gross SF / 63,250 Rentable SF

• 7.83 Acres

• PD Zoning with C-1 Uses Allowed

• Fully entitled for proposed use

• Potential expansion/outside storage opportunities

• Full access from 4 lane road w/ divided median

• Direct exposure to S.R. 417 (Greeneway)

• Excellent Demographics / Population Base

• “B+” Site and Market Ratings from Bob Copper – Noted Industry Analyst

INVESTMENT OVERVIEW

Valencia Self Storage offers an excellent opportunity to secure a newly constructed, institutional-

quality asset in one of the country’s hottest real estate markets. The project is located inside the

region’s beltway (S.R. 417, the “Greeneway”), providing one of the few remaining in-fill development

opportunities left for Self Storage product. Situated on Valencia College Lane, the property has

excellent access and offers outstanding visibility from the Greeneway.

The site lies in an untapped geographic niche, and is only available due to the realignment and

reconstruction on the Greeneway, which resulted in the State D.O.T. vacating contiguous property.

Demand for this product is very strong. Orlando’s population and job growth is among the highest in

the country, and this project is ideally situated to meet the needs of an ideal demographic market.

The property is fully entitled and ready for development, with a maximum of 75,000 square feet;

however the site can support and additional +/- 25,000 square feet and outside RV/Boat storage.

County officials have indicated this additional space and use may be approved, so the return on

investment is potentially even greater than currently shown.

Upon stabilization the project is expected to generate a NOI of over $635,000. This is based on the

current size, not including potential income from additional square footage or RV/Boat storage.

The developer is seeking a capital partner for the project. The structure can be an acquisition upon

receipt of a Certificate of Completion, upon stabilization of the project, or a joint venture

arrangement.

Disclaimer: Although information has been obtained from sources deemed reliable, the sponsor, Results Real Estate Partners, LLC, and/or their representatives, brokers or agents

make no guarantees as to the accuracy of the information contained herein, and offer the property without express or implied warranties of any kind. The property may be withdrawn

without notice. All information herein has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy

of the information. References to square footage or age are approximate. You must verify the information and bears all risk for any inaccuracies.

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AREA MAP 4

STREET MAP 5

AERIALS

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AERIALS

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Entry off Valencia College Lane Property View From S.R. 417 (Greeneway)

Entry Driving West on Valencia College Lane Entry Driving East on Valencia College Lane

ACCESS AND VISIBILITY 8

The Orlando market continues its

impressive growth. Total employment

increased by over 3% with the addition of

36,000 new jobs over the past year.

Population growth for the MSA (Orlando-

Sanford-Kissimmee) increased by

approximately 50,000, with the region now

home to almost 2.4 million people.

Orlando is outpacing other large cities in

Florida and also across the country,

growing at close to double the rate of

population growth as the U.S.

Government estimates show that an

additional 350,000 residents are expected

to move in by 2020.

Orlando Economic Outlook

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DEMOGRAPHICS

Within 3 Mile Market Range:

PopulationThe area is home to over 102,000, forecasted to increase by almost 7% to 109,449 by 2020.

HouseholdsThere are 38,112 households, up 10% over the past five years, and forecasted to increase to 40,683 by 2020. The housing stock is equally divided between owner-occupied and rental units.

IncomeAverage Household income is almost $62,000 ($67,000 for 2 Mile).

AgeThe average age is 46 years.

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COMPETITION

There are currently six self-storage facilities in the competitive trade area. Four of these are Public Storage facilities, one Cube Smart, and one U-Haul. The presence of institutional competitors is a plus, as they bring strong marketing and high rental rates due to their sophisticated revenue management systems. A detailed summary of each competitive facility follows.

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COMPS 12

COMPS 13

COMPS 14

COMPS 15

PROPOSED SITE PLAN

- 7.8 acres- Single-Story- 75,000 Gross Square Feet- 63,250 Rentable Square Feet- Future Building Expansion/ Boat

& RV Storage Possible- Traffic Counts:

- Valencia College Lane: 13,324- S.R. 417: 74,500

PROPOSED UNIT MIX

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DEMAND ANALYSIS

The site has been analyzed by well-knownSelf-Storage expert Bob Copper, of Self-Storage 101, who rated the location andmarket conditions as “B+”. His analysis,based on well-established industry metrics,shows the following conditions:

• There are no competing properties within a 1-mile radius (containing 7,700 households). Based on industry averages, this area’s space demand is 176,000 square feet.

• There are five competitors with a 2-mile radius. The potential unmet demand is 95,000 square feet.

• There are seven competitors within a 3-mile radius, an area that contains over 100,000 residents. There is a large potential unmet demand of approximately 467,000 square feet.

• Additional supply is needed to meet demand.

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PROPOSED UNIT MIX & INCOME PROJECTION

The proposed unit mix is based on a 50/50mix of AC and Non-AC units, with sixdifferent unit sizes.

The projected rates are based on a thoroughmarket analysis, and are conservative innature. They average only 4% higher thancompetitor’s current rates, even thoughthose facilities will be older and inferior inmost respects.

National brokerage reports state that due totighter vacancy the market for climatecontrolled and non-climate controlledfacilities increased over the last year by6.8% to $12.24 PSF and 8.2% to $15.48,respectively, and are projected to increase5.0% during 2016.

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STABILIZED CASH FLOW PROJECTION

Stabilized income is based on the currently planned 75,000 gross square feet / 63,250 rentable square feet. Note: There is a high probability the governing municipality, Orange County, will approve more space (+/- 25,000 sq. ft.) and allow for Boat/RV storage. Based on the currently approved entitlements, the income projections are:

- Gross Potential Income: $1,009,428 $15.96- Effective Gross Revenue: $ 960,333 $15.18- less Opex: ($ 325,304) ($5.14)- NOI: $ 635,029 $10.04

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Disclaimer: The information contained in this package is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Results Real Estate Partners, LLC, and should not be made available to any other person or entity without their written consent. This Marketing Brochure has been prepared to provide summary, unverified information to prospective investors, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Results Real Estate Partners, LLC has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of the subject property, so do your homework and don’t just believe Jeff, even though he is a mensch of the highest order. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however it is not verified and no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential investors must take appropriate measures to verify all of the information set forth herein.

Jeff GindiBroker/Principal108 Commerce St. Suite 200Lake Mary, FL 32746Office: (407) 647-0200Cell: (407) 925-4464Email: [email protected]

Website: www.ResultsREPartners.com

For Information Contact:

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