FOR SALE

Michael L. Johns, MBA | Principal | Designated BrokerSingle-Tenant Net Lease Advisor | Investment PropertiesOne Urban Centre at Westshore | Tampa, FL 33609 | 813.624.1500 | 480.797.6922National CRE Brokerage | IRC 1031 Exchanges | NNN Advisory Services

350 University CtLongwood, FL 32750(Orlando MSA) Seminole County Ind Submarket

PRICING: $3,050,000 CAP RATE: 7.37%

PROPERTY DETAILS

BUILDINGType:

Subtype:

Tenancy:

Year Built:

RBA:

Floors:

Construction:

Class C Industrial

Warehouse

Single

2003

32,610 SF

1

Metal

Annual Rent:

Increase:

Lease:

Lease Expires:

Option Terms:

$225,024

2% annual including options yrs.

20 yrs., start 7/1/2008

June 30, 2028 NNN

4 terms of 5 yr.

LAND

Land Area:

Zoning:

Parking:

1.885 AC

M-1

34 Surface Spaces

20-30-29-519-0000-0020

PARCEL

1 tot./10’x x 12’h

DRIVE INS

Pods

KEY TENANTTENANT FINANCIAL INFORMATION

Representative Photo

EXECUTIVE SUMMARYGSA Realty Advisors, as exclusive advisor, is pleased to present the exceptional opportunity to acquire PODS, (the “Property” or the “Offering”) a rare industrial net leased asset strategically located in the Seminole Industrial submarket of Longwood, FL (Orlando MSA). The Offering is comprised of an 32,610 square foot Industrial warehouse building leased to PODS, Inc. on a long-term lease basis

with 9.0 years frim + 4x5 year options.

INVESTMENT HIGHLIGHTSRare Industrial STNL building with 2% annual increases

Strategic Warehouse location

National Brand with growing U.S. footprint

9.0 years firm lease term.

Rapid Growth Parameters within (Orlando MSA)

www.PODS.com

TENANT OVERVIEWPODS was founded in Clearwater, FL in 1998 by Peter Warhurst who was looking to expand his family’s storage

business. He invented the PODS, as well as a hydraulic lift system that enables operators to easily deliver and

transport the units, which is named PODZILLA. In 2005, PODS grossed over $200 million in revenue. In addition,

as of 2005, PODS was still privately owned, however, PODS is now franchised in 45 states, and logs 2,500

pickups and deliveries a day. Between 2005 and August 2009, PODS service expanded to include 48 states,

as well as Australia and Canada.

In February 2007, PODS was acquired by Atlanta-based Arcapita, a $1.6 Billion company, for $451.4 million. In

June 2008, PODS and the Real Estate Staging Association reached an agreement to form a strategic

partnership. In September 2008, PODS and Mobility Services International (MSI) announced a partnership

where PODS would be providing services for MSI client transferees and assignees. In December 2008, PODS

and Wabash National announced the have signed a multi-year agreement to build and service all of PODS’

portable storage container requirements. In August 2009, PODS and UniGroup reached an agreement to

share services. Under the agreement, PODS will have access to the packing and loading services of United

Van Lines and Mayflower Transit, while UniGroup can access 138,000 PODS moving and storage containers. In

November 2009, 1-800-GOT-JUNK? and PODS formed a strategic alliance offering discounts and special

services. In June 2010, PODS announced the sale of the first franchise in the United Kingdom. In October 2010,

PODS announced their continued expansion into Canada with the sale of the Halifax Territory.

Headquarters Clearwater, Florida , U.S.

SURVEY

PROPERTY PHOTOS

PROPERTY AERIALS

TRADE MAP

SUBJECT PROPERTY

DEMOGRAPHIC SUMMARYThe City of Longwood is located in Central Florida’s Seminole County, just north of Orlando. Incorporated and

Unincorporated Longwood, which is comprised of zip codes 32750 and 32779, has a population of 56,457 and an

average household income of $66,120. Incorporated Longwood is a city of approximately 14,000 people and 5.6

square miles and is conveniently located on Interstate 4 and State Road 434. Great schools, the ease of commuting to

Orlando, the selection of real estate and a rich history has made this award winning City the choice of business and

residents, alike.

Top Business EmployerThe City of Longwood has a strong business core which accounts for its daytime population of over 21,000. Some of

the top employers include South Seminole Hospital, a part the Orlando Health system, UPS, FedEx, Collis Roofing,

Comprehensive Energy Services and Pemberton. A number of business and industrial parks, including the Florida

Central Commerce Park, are home to numerous companies including award winning business incubators.

The City, pursuant to its Charter,

follows a "Commission-Manager"

form of government. Residents are

served by five (5) non-partisan

elected officials who are the

policy-making body of the City. The

City Manager is the Chief Executive

Officer of the City and is

responsible for the administration

and daily business operations of

the City.

In 2014 the City received recognition from WJXT Channel 4,

an independent television station in Jacksonville, as 1 of the 4

safest places to raise a family in Florida. Most recently 

Bestplaces.net named Longwood as one of the top 10 best

places to live in Florida, the 2015 Niche Rankings has

Longwood as the 9th best suburb in Florida to raise a family

and Nerdwallet ranked Longwood as the "7th Best Florida City

to Start a Business". Most recently, Neighborhood Scout

ranked Longwood as the second best city in the state of

Florida for families with children.

Award Winning City

2018 Summary

Population

Households

Families

Average Household Size

Owner Occupied Housing Units

Renter Occupied Housing Units

Median Age

Median Household Income

Average Household Income

1 Mile

5,804

2,137

1,624

2.72

1,692

445

40.2

$70,414

$81,014

3 Miles

63,633

25,027

16,917

2.52

15,445

9,582

40.9

$60,177

$80,268

5 Miles

176,952

70,560

46,396

2.48

42,565

27,995

40.6

$59,253

$84,083

2023 Summary

Population

Households

Families

Average Household Size

Owner Occupied Housing Units

Renter Occupied Housing Units

Median Age

Median Household Income

Average Household Income

1 Mile

6,172

2,269

1,722

2.72

1,826

443

39.7

$77,289

$92,264

3 Miles

68,020

26,777

18,017

2.52

16,836

9,942

41.1

$67,858

$92,640

5 Miles

189,415

75,473

49,422

2.49

46,679

28,793

41.0

$66,780

$97,072

DEMOGRAPHICS

1 Mile

352Total Businesses

3,061Total Employees

KEY FACTS

BUSINESS

INCOME

$29,092Per Capital Income

$182,045Median Net Worth

$70,414Median Household

Income

$70,414Median Household

IncomeAverageHousehold Size

5,804

Median Age

40.2

3.1

3 Miles

5 Miles

2017 ORLANDO THEME PARK ATTENDANCE

LEISURE SERVICESThe City of Longwood Leisure Services Department provides recreational activities, special events, leagues,

camps and 9 parks that enhance the quality of life of the residents of Longwood. The Department

comprises 3 divisions: Parks Services, Recreation Programs and the Longwood Community.

EFFICIENT TRANSPORTATION & THE HISTORIC DISTRICTThe City is also the site to 1 of the 13 stations along the 61-mile SunRail commuter rail line which provides

regional transit from DeBary to Sand Lake Road in Orlando. In addition to its location at the intersection of 2

major roads, the SunRail station is located within the City’s Heritage Village TOD District and is in walking

distance of the City's nationally recognized Historic District which includes the City Hall complex, Reiter Park,

and the Health Core where South Seminole Hospital is located.

SCHOOL SYSTEMThe Seminole County School System plays an important role in drawing the population and a higher household

income into the greater Longwood area. The Seminole Schools rank 5th out of 68 districts in the state and first in

the greater Orlando area. Longwood's Lyman High School, ranked in the top 1.9% of all high schools nationally, is

recognized as the best in the state for technical and pre-engineering curriculum. See Seminole School

DistrictOpens a New Window.

Entertainment

Outdoor recreation 

Strong job growth

Diverse resort city - East-central Florida, about 25 miles from the Atlantic Coast

CONTACTMICHAEL L. JOHNS, MBA

Principal | Designated Broker

Single-Tenant Net Lease Advisor | Investment Properties

One Urban Centre at Westshore | Tampa, FL 33609

Office: 813.624.1500  |  Cell: 480.797.6922

National CRE Brokerage

IRC 1031 Exchanges | NNN Advisory Services