Orlando, FL

• This development has a total of three buildings containing 14 individual bays in 23,400 square feet.
• The individual bays range in size from 840 to 2,700 square feet.
• The site contains 2.05 acres.
• Development is located on the north side of Orlando.

The principals of AmeriFirst participated with taking this development from a vacant site through leasing. This project is 20 years old and remains in very good condition because of the concrete block construction and the preventive maintenance schedule.

• This development was built without preleasing.
• This flex space leased up in 140 days with contract rents higher than proforma.
• The construction/permanent loan is paid as agreed.

Note:
The original owner still owns this asset. He is very satisfied with his double-digit returns. They have not had a vacancy in over two years. He does not want to sell.