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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