Multi-Housing

ARIUM Grandewood

3701 Grandewood Blvd Orlando, Florida United States 32837-7345

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NOI Net Operating Income N/A

Cap Rate N/A

Asking Price Contact for pricing

NOI Net Operating Income N/A

Cap Rate N/A

Documents

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Attributes

Year Built	2005
Building Area
Number of units	306

Property Description

Jones Lang LaSalle Americas, Inc. (JLL) as exclusive advisor, is pleased to present the opportunity to acquire ARIUM Grandewood Apartments, a 306-unit garden rental community located in South Orlando. The property is just south of the Beachline Expressway, directly across from Darden Restaurants’ 650,000 square feet Corporate Headquarters, and just north of the 500-room Ritz Carlton and 1,000-room JW Marriott.

Completed in 2005, this centrally located property offers unique features and compelling value-add upside. With original interior finishes and neighboring newly built assets garnering rents that are $0.40-0.50 per square foot/month higher, ARIUM Grandewood is well-positioned for meaningful gains in the immediate future.

Investment Highlights

Original interior finishes allow for a true value-add opportunity with neighboring assets garnering rental rates more than $400/month higher
Location within minutes of two Fortune 500 companies (Lockheed Martin and Darden Restaurants) and SouthPark Center (1.5M square feet Office/Industrial), Southridge Commerce Park (1.2M square feet Office/Industrial) and Lake Nona Medical District (5M square feet Office/Retail)
Residents of ARIUM Grandewood enjoy walkability to highly rated grade schools at all levels
Easy access to the major arterial roadways via John Young Parkway, The Beach Line Expressway (SR 528) and U.S. Hwy 441

Last Updated Date: 18 Sep 2020

Ken DelVillar

Managing Director, Capital Markets

+6620260615

Jay Ballard

Managing Director, Capital Markets

+6620260615

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Last Updated Date: 18 Sep 2020