5320-5370 Silver Star RD, Orlando, FL 32808

Vanwald and Associates presents the unique opportunity to acquire the Silver Star Shopping Center. The asset is located in Orlando, The Theme Park Capital of the World.

The offering consists of approximately 104,000 square feet of leasable space situated on about 6 Acres of land at the corner of Silver Star Road and Pine Hills Road in West Orlando. The Center is currently 100% occupied, with a good variety of tenants already in place. With no near term leases, an investor can benefit from a stable and seasoned NOI while taking advantage of the yearly increases and renewals.

A Senior Living Community will transform the western portion of the center into an $20 million dollar, multi-story development which is expected to serve as a future catalyst in retaining current tenants and attracting new ones. The roofs have been replaced in late 2016 and are under a twenty (20) year warranty.

Most of the HVAC units on the occupied tenant spaces have been replaced, along with the fire riser panel, parking lights, and more. All exteriors have been painted in 2017 and the parking lot has been resurfaced and re-striped along the same time.

The leases are NNN type leases, with all tenants paying Base Rent and Additional Rent. The Additional Rent is designed to cover the operating expenses of the center by passing the expenses to the Tenant. This structure protects the net income against raising costs and unexpected overhead. The leases allow the Landlord the unilateral right to relocate tenants in the center, or to terminate their leases with prior notice.

• Non Contingent
• Platform Fee: 5% of the WInning Bid Amount, $20,000 minimum
• Earnest Money Deposit is 10% of the Winning Bid Amount
• 2% Co-op
• $25,000 Participation Deposit Required

For registration requirements and regulations, please review here or email/call Tyler Ley | (949) 264-0332 | [email protected]