Cypress Park & Silver Star Commerce Center_Property for Sale
Cypress Park & Silver Star Commerce Center_Property for Sale
Orlando, FL, US, Americas

Cypress Park & Silver Star Commerce Center

Portfolio description

Jones Lang LaSalle (“JLL”) is pleased to exclusively offer the opportunity to acquire Cypress Park and Silver Star Commerce Center (“Cypress” or “Silver Star” respectively, or the “Portfolio” collectively) – two institutional quality, industrial parks comprised of 13 buildings totaling 511,753 leasable square feet. 


The Portfolio’s infill locations are strategically situated near Orlando’s major demand drivers (Cypress – Orlando International Airport; Silver Star – Downtown Orlando) and offer excellent connectivity within the MSA. Given these prime locations, healthy discount to replacement cost, and the Orlando market being the fastest growing industrial market in the nation in Q2 2023, the market rents for the Portfolio have rapidly outpaced in place rents within the Portfolio creating a compelling mark to market opportunity for investors with in-place rents currently 49% below market. 


Investors may offer on the Portfolio or on Cypress or Silver Star, Individually. 

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Attributes

Building area net
47,543 sm
Year built
1985
Land area gross
7.89 ha
Cypress Park & Silver Star Commerce Center (2 Properties)
Cypress Park & Silver Star Commerce Center (2 Properties)

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Investment highlights

Rare Opportunity To Acquire An Industrial Portfolio Of Scale In The Nation’s Top Industrial Market For Rent Growth

  • The Portfolio consists of 13 institutionally maintained multi-tenant industrial buildings located within North and South Orlando.
  • Totaling 511,753 SF and 59.14 acres, the Portfolio offers rare critical mass in Orlando, one of the best performing industrial markets in the country.

Compelling Value Proposition With Portfolio Positioned to Maximize NOI Growth 

  • Attractive acquisition basis well below the cost of replacement ($210 psf), positioning Portfolio to continue to benefit from significant rent growth on a long-term basis.

Highly Diversified In-Place Cash Flow With Immense Upside

  • 96% leased to 53 tenants (9K SF average suite) with 3.1 years of WALT
  •  In-place rents are 49% below market with 45% of the rent roll expiring by the end of year three.

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Last updated
Oct 18, 2023