ridgewood lakes ridgewood lakes boulevard, davenport, fl · 2019. 10. 29. · dr horton express...
TRANSCRIPT
Ridgewood Lakes Ridgewood Lakes Boulevard,Davenport, FL
72± ACRE DEVELOPMENT OPPORTUNITY
Executive Summary 5
Property Summary 6
Property Location 7
Conceptual Plan 9
Future Land Uses 10
Site Survey 11
Area Overview 13
Content
Lawson Dann, Senior Vice President407 440 [email protected]
Nathan Eissler, CCIM, Vice President407 440 [email protected]
Jordan Bohannon, Associate407 219 [email protected]
Avison Young135 W Central Boulevard, Suite 700Orlando, FL 32801
avisonyoung.com
CONTACTS:
Disclosure
This confidential Offering Memorandum was prepared by Avison Young - Florida, LLC and has been reviewed by Owner. It contains selected information pertaining to the Portfolio and does not purport to be all-inclusive, nor to contain all the information that a prospective investor may desire. This presentation is not an offer to sell or a solicitation to buy any securities, and is subject to prior placement, errors, omissions, changes or withdrawal without notice and does not constitute a recommendation, endorsement, or advice as to the actual return of this investment.
Except for any historical information, such matters discussed herein are forward-looking statements that are subject to certain risks and uncertainties that could cause the actual results to differ materially from those projected, and could result in the loss of principal. Each prospective investor is to rely upon its own investigation, evaluation and judgment as to the advisability of the investment described herein.
Sources of information contained within this Investment Memorandum include, but are not limited to: CoStar, LoopNet, Real Capital Analytics, Google, US Census Bureau, Bureau of Labor Statistics, and multiple other sources.
Avison Young - Florida, LLC expressly reserves the right, at its sole discretion, to reject any or all expressions of interest or offers and/or to terminate discussions with any party at any time with or without notice. Avison Young - Florida, LLC shall have no legal commitment or obligation to any investor reviewing this Offering Memorandum or making an offer to invest in the Property unless a written agreement has been fully executed, delivered, and approved by the Owner and any conditions to Owner’s obligations thereunder have been satisfied or waived.
This Offering Memorandum is the property of Avison Young - Florida, LLC and may only be used by parties approved by Avison Young - Florida, LLC. The Property is being privately offered and by accepting this Offering Memorandum, the party in possession hereof agrees that its contents are of a confidential nature and will be held and treated in the strictest confidence. No portion of this Offering Memorandum may be copied or otherwise reproduced or disclosed to anyone without the prior written authorization of Avison Young - Florida, LLC and Owner. The terms and conditions set forth apply to this Offering Memorandum in its entirety.
Offer Solicitation Process
Offers should be presented in the form of a non-binding Letter of Intent delineating the significant terms and conditions of the Purchaser’s offer including, but not limited to:
1. Purchase price
2. Due diligence and closing time frame
3. Earnest money deposit
4. Qualifications to close
Executive Summary
RIDGEWOOD LAKES | 5
Executive Summary
Avison Young (AY) is pleased to exclusively offer for sale Ridgewood Lakes Boulevard, a fully entitled 72± acre mixed-use property on US
27 and Ridgewood Lakes Boulevard in Davenport, Florida. This offering presents developers with a generational opportunity to acquire an
irreplaceable asset in one of Central Florida’s strongest submarkets. This property is in a location for mixed use development, benefiting
from the retail corridor along US 27 as well as the Advent Health hospital within close proximity to the South. Polk County has experienced
strong economic growth in recent years, as many residents are moving into the area and Central Florida continues to expand. With
entitlements already in-place, this property is ideally positioned in the marketplace.
Executive Summary
Market Area Highlights
� Accessibility to US 27 and within close proximity to Interstate-4
� Posner Park master development 2.0 miles away
� 288 new multi-family units planned for Ponser Park area
� Walmart, Amazon, and Fedex distribution centers 3.0 miles away, on the north side of Interstate-4
� Located 30 minutes away from Walt Disney World and only 40 minutes from downtown Lakeland
� Neighboring the Ridgewood Lakes development, a master planned 55+ community and 18-hole golf course
� Property is within commuting distance of the tourist corridor and the rest of Orlando
� There has been extensive economic progression in Polk County in recent years, and strong growth is expected to continue
RIDGEWOOD LAKES | 6
Land Use Acres Entitled Use
Commercial 14.87± 78,750 GSF
Multi-Family 15.37± 306 DU
Assisted Living/ILF 6.75± 199 DU
Townhome 19.88± 126 LOTS
Common Area/Retention 15.13± ---
Grand Total 72.00 ---
Property Information
Property Name Ridgewood Lakes Boulevard
Address Ridgewood Lakes BoulevardDavenport, FL 33431
Parcel ID 27-26-29-706500-040012; 27-26-29-706500-040011; 7-26-29-706500-040031; 27-26-29-706500-040040; 27-26-29-706500-040051; 27-26-29-706500-040071; 27-26-29-706500-040150; 27-26-29-706500-040052; 27-26-29-706500-040140; 27-26-29-706500-040130; 27-26-29-706500-040120; 27-26-29-706500-040240; 27-26-29-706500-040251
Frontage US 27
Submarket Polk County
Lot size (ac) 72±
Future Land Use NACX and RHX
Entitled Uses CommercialALFMulti-familyResidential (townhome)
Entitlement Summary
Terms of SaleEntire 72.00± AC property will be sold in it’s entireity. Call for offers date is to be determined. More detailed information will be provided upon request.
Sale Price
$15,100,000.00
($209,722.00)/AC
Property Stats
Range of Uses
Property is currently entitled for commercial, multi-family, assisted living, and residential townhome. The future land use is Neighborhood Activity Center (NACX) and Residential High (RHX).
* Will be sold in it’s entireity**Land Use acrage subject to change per future owners wants/needs
RIDGEWOOD LAKES | 7
Property LocationLocation Map
55,602 ADT
55,602 ADT97,959 ADT
MADISON PLACE TOWNHOME
DEVELOPMENT346 UNIT COMMUNITY
POSNER PARK 288 APARTMENT DEVELOPMENT AND RETAIL CENTER
Location Map
ADVENT - HEART OF FLORIDA REGIONAL
MEDICAL CENTER
MARONDA HOMESNATURE’S RESERVE
61 SINGLE FAMILY UNITS
CARLISE GRAND PARK SQUARE HOMES
158 SINGLE FAMILY UNITS
PULTE DEL WEBB
PHASE XIV - 171 SINGLE FAMILY UNITS
ELEVATION DEVELOPMENTPROPOSED
256 TOWNHOME DEVELOPMENT80,000 ± SF OF RETAIL DEVELOPMENT
BELLA NOVA224 SINGLE FAMILY UNITS
DR HORTON EXPRESS HOMES
PHASE III - 68 SINGLE FAMILY UNITSPHASE IV - 39 SINGLE FAMILY UNITS
SITE LOCATION
RIDGEWOOD LAKES DRI - PHASE II
NOT INCLUDED
RIDGEWOOD LAKES | 8
Property LocationLocation Map
CHAMPIONSGATE
CELEBRATION
POSNER PARK
Distribution Center
Distribution Center
The MeadowsAt Championsgate
RIDGEWOOD LAKES | 9
BILL CONERLY(941) 379-7600
Conceptual Site PlanConceptual Site Plan
* Previous conceptual plan
RIDGEWOOD LAKES | 10
NACX RHX
RHX
RHX
RHX = Residential High
NACX = Neighborhood Activity Center
Future Land UseFuture Land Uses
RIDGEWOOD LAKES | 11
Site SurveySite Survey
Area Overview
RIDGEWOOD LAKES | 13
Central Florida
Central Florida’s well-developed infrastructure allows connectivity to all modes
of transportation. We’re the only Southeast location with two international
airports within an hour’s drive and have more rail miles than any other location
in the region. International companies and those with a focus on global trade
will appreciate our close proximity to seaports, including the second largest
Foreign Trade Zone network in the country. Winter Haven’s recently-opened
CSX Intermodal center, which handles more than 300,000 shipping containers
each year, keeps it all connected.
Area Overview
Area Overview – Source: Central Florida Development Council
+ Data provided by Central Florida Development Council
RIDGEWOOD LAKES | 14
Area Overview
Davenport
Less than 20 miles from downtown Orlando, Davenport is
strategically positioned alongside U.S. Highway 27, U.S. Highway
17 and the state’s main interstate, I-4. Although the town itself
is small, the surrounding area is experiencing tremendous
growth—especially in high-tech industries. Davenport has a
population of approximately 3,000 residents—a number which
grows during tourist season. Less than 10 miles southwest of
Disney World, Davenport is a popular choice for visitors looking
for a convenient, affordable lodging option for their Florida
vacation.
+ Data provided by Central Florida Development Council
RIDGEWOOD LAKES | 15
Area Overview
Demographics - Radius Report
1 Mile 3 Mile 5 Mile
Population
2019 Estimated Population 3,311 17,342 48,037
2024 Projected Population 3,782 20,013 55,512
2010 Census Population 1,924 13,861 33,659
Projected Annual Growth 2019 to 2024 2.8% 3.1% 3.1%
Historical Annual Growth 2010 to 2019 9.0% 5.5% 6.7%
Households
2019 Estimated Households 1,438 6,864 17,970
2024 Projected Households 1,502 7,249 19,031
2010 Census Households 788 5,242 12,312
Projected Annual Growth 2019 to 2024 0.9% 1.1% 1.2%
Historical Annual Change 2000 to 2019 10.1% 5.5% 6.6%
Household Income
2019 Est. Average Household Income $48,565 $57,226 $54,998
2019 Est. Median Household Income $46,765 $51,487 $53,607
Business & Employees
2019 Total Businesses 29 516 1,142
2019 Total Employees 143 4,155 9,661
Housing
2019 Total Housing Units 1,729 8,609 22,712
2019 Owner Occupied 75.1% 66.4% 61.6%
2019 Rental Occupied 8.0% 13.3% 17.5%
2019 Vacant Housing 16.8% 20.3% 20.9%
+ Data provided by REGIS
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Untitled layer
Area Overview
LABOR FORCE285,155
POPULATION708,009
MEDIAN HOUSE VALUE$121,100
TRAFFIC COUNTSUS 27: 55,600
POPULATION AVERAGE ANNUAL GROWTH
11,321
MEDIAN AGE40.4
DEMOGRAPHICS (POLK COUNTY) :
+ Data provided by JobsEQ
avisonyoung.com
Avison Young135 W Central Boulevard, Suite 700
Orlando, FL 32801
© Avison Young - Florida, LLC. All rights reserved.
CONTACTS:
Lawson Dann, Senior Vice President407 440 [email protected]
Nathan Eissler, CCIM, Vice President407 440 [email protected]
Jordan Bohannon, Associate407 219 [email protected]