For Sale
$7,995,000
425 Silver Star Rd Ocoee, FL 34761
- Added:
- Dec 11, 2024
- Days on market:
- 137
Highlights
- 61,100 SF retail strip center on 7.87 acres with 24 units, 100% occupancy, and gross leases; 70% expiring in 2025 without renewal options.
- Triple-net leases; however, owner is not currently collecting reimbursements for taxes, insurance, and maintenance.
- Significant value-add opportunity: Leasing rates can be increased to $14 NNN, boosting valuation to over $11M at a 7% cap rate.
- Prime Ocoee, FL location within the Orlando MSA, offering excellent highway access and proximity to residential and commercial areas.
- Strong demographics: Over 4,400 residents within 1 mile and 62,000+ within 3 miles, with a median household income exceeding $72,000.
- Located near major retailers (Walmart, Target, Lowe's) and other key businesses, ensuring high traffic and tenant retention.
Property Details for 425 Silver Star Rd
- Property type
- Lifestyle centers, Power centers
- Square Feet
- 61,100 SF
- Buildings
- 4
- Lot Size (sq. ft)
- 342,817 SF
- Units
- 24
Location Insight
- City
- Ocoee
- County
- Orange
- State
- Florida
- Latitude
- 28.574261293766
- Longitude
- -81.551224768132
Nearby Similar for Sale
FAQs
- Where is the lifestyle center located?
- The property is located at 425 Silver Star Rd Ocoee, FL.
- What is the asking price?
- The asking price for this property is $7,995,000.
- What are key features of this property?
- This property features: 61,100 SF retail strip center on 7.87 acres with 24 units, 100% occupancy, and gross leases; 70% expiring in 2025 without renewal options.; Triple-net leases; however, owner is not currently collecting reimbursements for taxes, insurance, and maintenance.; Significant value-add opportunity: Leasing rates can be increased to $14 NNN, boosting valuation to over $11M at a 7% cap rate.
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