anchored multi-tenant investment offering forest center · 15924 e. state road 40 | silver springs,...
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SRS REAL ESTATE PARTNERS3445 Peachtree Rd NE, Suite 950 | Atlanta, GA 30326 | 404.231.2232This information contained herein was obtained from sources deemed to be reliable; however SRS Real Estate Partners makes no guarantees, warranties or representations as to the completeness or accuracy thereof. SRSRE.COM/IPG
ANCHORED BY NATIONAL GROCER, WINN-DIXIE, with a loyal customer base within the Silver Springs community and a wide consumer draw
HIGHLY SUCCESSFUL WINN-DIXIE STORE, REPORTING EXCELLENT SALES COMPARED TO A RENT OF JUST $5.00 PSF; a highly advantageous occupancy cost for the tenant
LOCATED IN SILVER SPRINGS, NEAR OCALA, FLORIDA, boasting dominant trade area capture for a large consumer radius between Ocala and Daytona Beach
WINN-DIXIE BOASTS ROUGHLY 34 YEARS OF TENURE AT FOREST CENTER, DATING BACK TO 1986
VALUABLE OPPORTUNITY TO GROW THE NOI AT THE PROPERTY VIA THE LEASE-UP OF 20,018± SF, representing 28% of the Total GLA
STRATEGICALLY-POSITIONED AT THE SIGNALIZED INTERSECTION OF SE 160TH AVE AND FL-40 – the primary thoroughfare which connects Florida’s Atlantic Coast, I-95 and Daytona Beach - to the east, with Ocala to the west
ADVANTAGEOUSLY PRICED WELL BELOW REPLACEMENT COST at roughly $44 PSF – a phenomenal opportunity considering the built-in upside at the Property
OFFERING INCLUDES ADJACENT WATER TREATMENT FACILITY, which controls service to Regions Bank, restaurant (under ren.), library, fire/sheriff dept. and Sandhill Park, as well as any new access by others
EXCLUSIVELY PRESENTED BY SRS INVESTMENT PROPERTIES GROUP
ANCHORED MULTI-TENANT INVESTMENT OFFERING
Forest Center15924 E. State Road 40 | Silver Springs, FL 34488
Investment HighlightsPROPERTY TYPENeighborhood Center
OFFERING GLA71,646± SF
LAND AREA7.42± AC
OCCUPANCY73.09%
YEAR BUILT1986
PRICE$3,200,000
DEBTFree & Clear
YEAR 1 MAY 2021 NOI$156,798
ANCHOR TENANTWinn-Dixie
Overview
Property WebsiteSRSRE.COM/ForestCenter
ContactKEVIN YARYAN | Senior Vice President, IPG407.563.6121 | [email protected] License No. #BK3295550
KYLE STONIS, CCIM | Managing Principal, IPG 678.420.1393 | [email protected] License No. #SL3210522
PIERCE MAYSON | Managing Principal, IPG 404.231.4696 | [email protected]
This information contained herein was obtained from sources deemed to be reliable; however SRS Real Estate Partners makes no guarantees, warranties or representations as to the completeness or accuracy thereof. SRSRE.COM/IPG
SRS REAL ESTATE PARTNERS3445 Peachtree Rd NE, Suite 950 | Atlanta, GA 30326 | 404.231.2232
MARKETAERIAL
PROPERTYAERIAL
ANCHORED MULTI-TENANT INVESTMENT OFFERING
Forest Center15924 E. State Road 40 | Silver Springs, FL 34488