520 S Magnolia

FOR SALE OR LEASE
EXCELLENT OWNER/USER OPPORTUNITY
520 S Magnolia
520 S Magnolia Ave | Orlando, FL | 32801
Lodging
1
2
3
4
F
The Courtyard at Lake Lucerne
Aloft Orlando Downtown
Grand Bohemian Hotel
Embassy Suites Orlando
Banks
G
E
8
H
4
7
D
6
A
A
CNL Bank
B
Chase Bank
C
SunTrust Bank
D
PNC Bank
E
Regions Bank
F
Bank of America
G
Fifth Third Bank
H
Wells Fargo Bank
Restaurants
4
2
B
5
3
C
3
A
1
2
1
2
1
Nature's Table Café
2
The Boheme Restaurant
3
Amura Japanese Restaurant
4
Cecviche Tapas Orlando
5
Kres Restaurant
6
310 Lakeside
7
Pita Pit
8
Subway
Grocery
1
A
Publix
Entertainment
1
Dr Phillips Performing Arts Center
2
Amway Center
Current Availabilities
Partial 1st Floor
4,922 RSF
Available Immediately
Full 2nd Floor
16,200 RSF
Available Immediately
Acquisition Scenario – 520 S Magnolia Ave (34,010 SF)
Total Leased SF
Gross Income ($20.00/SF)
Less Expenses ($6.00/SF)
Current NOI
15,003
$300,060
-$90,018
$210,042
Value with 7.5% Cap Rate
$2,800,560
Owner/User Market Interest Rates
Owner/User Purchase Price: $170/SF
$5,782,720
Owner/User Rent on 21,122 SF ($21.00/SF)
Less Expenses ($6.00/SF)
Owner/User NOI
$443,562
-$126,732
$316,830
When occupying 51% or more of the building, market interest rates
for Owner/Users are as follows:
Total New NOI
Value with 7.5% Cap Rate
$526,872
$7,024,960
Immediate Return on Investment
$1,242,240
80% Loan-to-Value Ratio
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5-year fixed rate – 4.25%
10-year fixed rate – 4.75%
15-year fixed rate – 4.99%
Property Highlights & Overview
Features
520 S Magnolia Ave is an approximately 35,000 square foot, Class B, office building situated
in the heart of downtown Orlando, Florida. 520 S Magnolia is just one block east of Orange Ave
with easy access to Interstate 4 (I-4) and SR408.
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520 S Magnolia Ave is surrounded by a great mix of restaurants, shopping areas, desirable
neighborhoods, and top rated schools. This property has ample parking for all tenants at 1.20
spaces per 1,000 square feet (38 surface spaces), as well as ample street and visitor parking.
Short and long-term parking solutions are available to building occupants with surface parking
on the adjacent CNL III development site, bringing the total parking ratio up to 5.00 spaces per
1,000 square feet. CNL III parking garage is planned to be directly adjacent to 520 S Magnolia
Ave.
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Owner/User building available for sale or lease
3-story office building located in downtown Orlando
Covered parking available on-site
Close proximity to Interstate 4 (I-4) and SR 408
One block from downtown SunRail stop and Church Street
Directly across the street from the Dr. Phillips Performing Arts
Center, adjacent to CNL III, and within walking distance of the
Amway Arena
High visibility signage exposure to multiple thoroughfares
Darryl Hoffman
Vice President
+1 407 982 8588
darryl.hoffman@am.jll.com
250 S Orange Ave, Suite 700 P • Orlando, FL 32801 • www.US.jll.com/orlando
Although information has been obtained from sources deemed reliable, Owner, Jones Lang LaSalle, 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. If the recipient of this information has signed a confidentiality agreement regarding this matter, this information is subject to the terms of that agreement. ©2015. Jones Lang LaSalle. All
rights reserved.