Steelhouse

IPA is pleased to present Steelhouse (“The Property”), a 326-unit rental community built in 2013 in Orlando’s highly desirable North Quarter corridor.

Premier Infill Location

Positioned just north of the Central Business District near Ivanhoe Village and AdventHealth’s rapidly expanding multi-billion-dollar Health Village, Steelhouse offers “very walkable and bikeable” setting minutes from 155,000+ jobs (3 miles) and award-winning dining and entertainment.

Compelling Investment Basis with Upside

Steelhouse represents a highly compelling investment opportunity: luxury, structured-parking product with meaningful upside available below replacement cost in a high-barrier location. With only 73 units fully upgraded and top-of-market rents less than a mile away reaching up to $1,000 higher, new ownership is well-positioned to drive meaningful gains through modest enhancements and continued market improvement.

Distinctive Features Support Strong Performance

Steelhouse offers visibility and accessibility that’s virtually unmatched in Orlando. The community can be seen by nearly 150,000 cars per day from nearby I-4 and has immediate drive-by of over 50,000 vehicles daily at the lighted intersection of Orange Avenue and SR 50. Its North Quarter location is highly desirable and is less than 10 minutes to all of Orlando’s hottest, infill neighborhoods including Ivanhoe Village, Mills 50, Thornton Park, College Park, Baldwin Park, and Winter Park. Despite being in the middle of it all, the property is a sanctuary filled with luxury features – 9’-14’ ceilings in apartments, a quiet resort-style pool and summer kitchen area, a beautiful sky lounge, and select corner units with floor-to-ceiling windows. Steelhouse’s location and features have strong resident appeal while the attractive basis and upside can lead to outsized returns for investors.