Disney at Celebration

Disney at Celebration 1390 Celebration Boulevard
Celebration, FL 34747

  • Unpriced

    Asking Price

  • 100,924

    Square Feet

  • 100%

    Occupancy

  • 4.25 Years

    WALT

  • Office

    Property Type

  • 9.01

    Acres

Offering Summary

Address

  • 1390 Celebration Boulevard
    Celebration, FL 34747

Pricing

  • Asking PriceUnpriced
  • WALT4.25 Years

Details

  • Property TypeOffice
  • Listing StatusOn Market
  • Square Feet100,924
  • Occupancy100%
  • Year Built2009
  • Building ClassA
  • Stories3
  • Parking Ratio4.65/1,000
  • Acres9.01
  • ZoningPlanned Development
  • APN072528283700010010
  • TenancySingle
  • Lease TypeModified Gross

Address

  • 1390 Celebration Boulevard
    FL 34747

Pricing

  • Asking PriceUnpriced
  • WALT4.25 Years

Details

  • Property TypeOffice
  • Listing StatusOn Market
  • Square Feet100,924
  • Occupancy100%
  • Year Built2009
  • Building ClassA
  • Stories3
  • Parking Ratio4.65/1,000
  • Acres9.01
  • ZoningPlanned Development
  • APN072528283700010010
  • TenancySingle
  • Lease TypeModified Gross

Description

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.

Deal Team

Sean Fulp

Sean Fulp

Vice Chairman

310-407-6596 sean.fulp@nmrk.com

CA RE Lic. #01389064

Michael Lohmann

Michael Lohmann

Senior Managing Director

305-350-0920 michael.lohmann@nmrk.com

FL RE Lic. #SL3199530

Matt Schwartz

Matt Schwartz

Director

213-298-3598 matt.schwartz@nmrk.com

CA RE Lic. #01973902

Mark Schuessler

Mark Schuessler

Managing Director

310-201-2075 mark.schuessler@nmrk.com

CA RE Lic. #02033871