The Crossing at Winter Park

751 Minnesota Ave., Winter Park, FL 32789

SUMMARY

Garito and Company is pleased to offer an investment offering of a student housing project located in the heart of Winter Park at 751 Minnesota Avenue, Winter Park, Florida. The location was completed in December of 2018; shortly thereafter it was pre-leased 100% occupancy because of its strategic placement next to Rollins College.

PROPERTY HIGHLIGHTS

  • 100% LEASED
  • DENSE RESIDENTIAL POPULATION
  • EXCELLENT VISIBILITY
  • BRAND NEW CONSTRUCTION
  • TRAFFIC GENERATING NEIGHBORS
  • CLOSE PROXIMITY TO ROLLINS COLLEGE
  • HIGH TRAFFIC COUNTS
  • ANNUAL LEASES

SITE SPECIFICATIONS

NOI:

$245,000

TOTAL GLA:

9,548 SF

SITE AREA:

0.711 ACRES

LEASE TERM:

ANNUAL

DEMOGRAPHICS

RADIUS

3 MILE

5 MILE

POPULATION

80,533

254,122

Avg. Household Income (2018)

$104,370

$75,203

Med. Household Income (2018)

$71,720

$55,715

FINANCIAL SUMMARY

REVENUE

$/UNIT/MO

ANNUAL

Potential rental revenue

$3,900.00

$327,600

Parking Revenue

$402

$2,814

Other Revenue

$98.73

$24,880

Gross Potential Revenue

$3,998.93

$355,294

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