Kissimmee Business Center

2634 N. Orange Blossom Trail, Kissimmee, Florida 34744


Property Overview:

Located not far from Disneyworld in the Orlando metro area, this property is located on a busy arterial road and has significant exposure to passing traffic.

Comprising two buildings, the front building (constructed in 1988) is a strip shopping mall and is demised in to 10 retail tenant spaces totalling 14,700 square feet. The rear building (constructed in 1989) comprises 16,575 square feet and is demised in to five tenant spaces for flexible use / warehouse.

At a purchase price of $1,959,000 ($62.63 psf), this property was purchased at a reasonable discount to replacement cost, which was estimated for insurance purposes at $2.4m.

It was fully occupied on purchase and is expected to return a cap rate in excess of 9% per annum.


Property / Financial Information:

Disclaimer: Information provided about forecast annual net cash flow and cash on cash returns are derived from unaudited financial projections. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond the control of the Responsible Entity. The Responsible Entity cannot and does not give any assurance that the results, performance or achievements expressed or implied by the forward-looking statements will actually occur and investors are cautioned not to place undue reliance on these forward-looking statements.


Acquisition date 7 March 2014
Contract purchase price $1,959,000
Original listed price $2,350,000
Discount to listing price $391,000 (16.64%)
Independently appraised price $1,985,000
Estimated insurance replacement cost $2,400,000
Occupancy at purchase date 100%
Appraisal date and appraiser 3 February 2014, Capright
Finance terms 40% owner finance at 5% interest-only for 5 years
Gross Building Area 31,275 sq ft (2,905 sq mtrs)
Land size 2.14 acres (8,660 sq mtrs)
At purchase estimated net operating income $226,656
At purchase estimated cap rate 9.66%
At purchase estimated cash on cash return 15.55%


General Advice Warning: This information is of a general nature only and does not take into account your objectives, financial situation or needs. You should consider the Product Disclosure Statement (dated 4 July 2018) issued by Plantation Capital Limited ACN 133 678 029 AFSL 339481 in deciding whether to acquire an interest in the Passive Income (USA Commercial Property) Fund. Pty Ltd is an authorised representative of Plantation Capital Limited ABN 98 096 059 353, AFSL 339481. Past performance is not a guarantee of future performance.