Orlando Tech DST
Orlando, FL
Asset Class: | Office |
Leverage | 0% - All-Cash/Debt-free |
Minimum Investment: | $100,000 |
Current Distribution | Monthly/Inquire |
Offering Type: | DST |
1031 Exchange Qualified: | Yes |
Property Description
Orlando Tech DST is a class A building that is 100% leased by Luminar (NASDAQ: LAZR), a publicly traded technology company. The offering is leased on a NNN basis through August 2027, with 3% annual rent increases. Located in an income tax free state.
The tenant Luminar focuses on making technology that allows for the creation of safer autonomous driving vehicles.
MSA Details
Orlando is a city located in Brevard County and Orange County Florida. It is also the county seat of Orange County. With a 2020 population of 290,520, it is the 4th largest city in Florida (after Jacksonville, Miami, and Tampa) and the 70th largest city in the United States . Orlando is currently growing at a rate of 0.53% annually and its population has increased by 21.91% since the most recent census, which recorded a population of 238,300 in 2010. Orlando reached it’s highest population of 290,520 in 2021. Spanning over 119 miles, Orlando has a population density of 2,628 people per square mile.
Property Highlights
- All-Cash Debt-Free DST Offering
- Class A building located within the prestigious Central Florida Research Park; the 4th largest research park in the country
- 100% Occupied
- Potential for Monthly Cash Flow Distributions
- Leased to Luminar Technologies; (NASDAQ: LAZR)
- Income Tax Free State of Florida
- Luminar was founded in 2012 and built a new type of LIDAR that helps support autonomous driving
Source: Brochure, PPM, Google Maps
The market information provided above may not predict the future performance of the property.
*Distribution is not guaranteed and is subject to available cash flow. For further information about cash flow distributions from operations and capital events, please refer to the offering’s Private Placement Memorandum.
All DST properties shown are subject to availability. There can be no assurance that the DST properties shown will be available.