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Florida’s I-4 corridor has long been a focus of industrial investors and developers. Connecting Tampa, Orlando and the east coast, the I-4 corridor serves as major transit artery. With recent arrivals of big names, like Amazon and Walmart committing to massive industrial developments, interest in the market has only been growing among industrial investors.

Greg Ruthven is one man who knows what makes the I-4 corridor such a prime market for industrial development.

The Ruthvens, a family-owned and operated business started by Greg’s father, are one of the largest developers and owners of industrial real estate in and around the I-4 corridor. They currently hold 85 warehouse and industrial properties, totaling over 3 million square feet.

This episode, Greg tells us why he loves Central Florida and why the area is such a hot market for industrial investors.

Industrial Investors Love the I-4 Corridor

• I-4 is major transit artery
• Central Florida has a lot of available open land to accommodate large developments
• 10 million people live within 100 miles of Lakeland, FL

Florida Industrial Market is on the Rise

• Shift towards E-commerce is driving logistics and distribution demand
• Major companies are consuming warehouse and distribution space
  • Amazon
  • Walmart
  • Major companies drive industrial demand, attracting smaller companies

About The Ruthvens

The Ruthvens have been building and leasing warehouse and industrial space in Central Florida since 1957. Based in Lakeland, the Ruthvens have deep roots in the community and specialize in a commitment to individual warehouse space needs. They build, lease and sell industrial space ranging anywhere from 1,000-150,000 SF.

To learn more about The Ruthvens and their services, visit their website.

“If you need warehouse space, you call the Ruthvens” – (863) 686-3173

The post Ep. 133 Greg Ruthven: The I-4 Corridor is a Hot Market for Industrial Investors! appeared first on Real Estate Investing in Florida.

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In a recent episode, we spoke with an investor who managed a Florida real estate portfolio from outside the country. This week’s episode features an investor who runs a foreign investment firm out of his home-base in Davenport, Florida.

Garrett Kenny started building his investment portfolio in Florida after being introduced to Orlando’s vacation markets in 1996. Since then, he has built his investment firm, Feltrim, into an international name for foreign investment in Florida real estate, handling all aspects of the investment process. This episode, Garrett discusses foreign investment in Florida and hot real estate sub-markets in Orlando.

Foreign Investing in Florida

• Most foreign investors can expect to average 6% annual ROI
• Easy to find financing options, but many do cash deals
  • Usually require more up-front from investor for financing
  • 4-4.5% interest rates
  • Some foreign investors use local banks and mortgage brokers
  • Some financing may be available through institutions in home countries
• Brazil and China emerging as dominant foreign investors in Florida markets
• Foreign investors expanding portfolios in Florida real estate

Orlando

• 62 million visitors to Orlando area in 2014
• Diverse investment opportunity
  • Vacation rentals, commercial and industrial markets
  • Top 3 vacation rental areas – Championsgate, Davenport, and Kissimmee
  • Medical + Technology – Lake Nona
  • Long-term investing in 30 mi. radius of Disney
• Other hot sub-markets
  • Distressed and repossessed homes
  • “Class A” properties – Windermere, Winter Park

Tips on Foreign Investment

• Having a local knowledge of your desired market is key
  • Find out about the area before investing
• Location, Location, Location
  • Finding the right location for your investment is important

To find out more about Garrett and Feltrim’s services or about investing in Orlando real estate, visit the firm’s website

Garrett recently published a book, Buying and Owning Property in Central Florida available on Author House and Amazon

The post Ep. 75 Garrett Kenny: Irish Builder Talks Foreign Investment in Florida & Hot Orlando Real Estate Sub-Markets appeared first on Real Estate Investing in Florida.