Asking Price
Square Feet
Occupancy
WALT
Property Type
Acres
Newmark is pleased to present the opportunity to acquire the fee-simple interest in Disney @ Celebration Blvd. (the “Property”), a 100,924-square-foot office building in Celebration, Florida.
The Property is 100% leased on a MG basis to Disney Vacation Development, Inc. through September 2026 with one 5-year option at fair market value. Disney Vacation Development, Inc. is a fully owned subsidiary of the Walt Disney Company (S&P: BBB+)—the largest employer in Celebration due to the Disney World Resort just a few miles away from the Property. The building was a build-to-suit location for Disney Vacation Development; however, Disney recently transitioned the Property into the regional headquarters for its real estate group and sales and marketing teams.
Disney @ Celebration Blvd. is in the Orlando MSA, which is the second-fastest growing MSA in the United States showcased by a 26% population increase between 2010 and 2020. Additionally, as of Q4 2021, the Orlando MSA office market is the only major market in Florida under 10% vacancy, making it one of the lowest vacancy rate markets in the United States. Celebration exemplifies the economic growth and low office vacancy rate of the Orlando MSA, with an office vacancy rate of 3.1% as of March 2022.
This Class A, regional headquarters location, provides an investor with secure cash flow through September 2026 from a subsidiary of the investment-grade Walt Disney Company.
Senior Managing Director
305-350-0920 michael.lohmann@nmrk.comFL RE Lic. #SL3199530