Rialto Capital Loans $11.2M For Industrial Property On Silver Star Rd, Orlando

The property asset involved in this transaction is the Silver Star Commerce Center, located at 3600 Silver Star Rd, Orlando, FL, encompassing a total of 254,915 square feet. The center consists of eight buildings and sits on 19.5 acres. At the time of the deal, the property had clear heights ranging from 14 to 20 feet and was 95 percent leased to 31 tenants. The acquisition loan secured is $11,200,000.00, aimed at purchasing the asset and funding renovations.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $11,200,000.00
• Address: 3600 Silver Star Rd, Orlando, FL, 32808
• Market: Orlando
• Borrower's Representative: Michael Klein (JLL), Preston Reid (Berkadia)
• Lender: Rialto Capital
• Loan Purpose: Acquisition and capital renovations
• Tenants: 31 tenants at the time of the deal
• Clear Heights: Ranging from 14 to 20 feet
• Acreage: 19.5 acres

The deal was facilitated by HFF, with a debt placement team that included Managing Director Michael Klein, Director Preston Reid, and Senior Managing Director Michael Weinberg. Denholtz Associates is the borrower, and this acquisition financing will allow them to enhance the property's appeal by implementing improvements such as a new façade and upgraded dock levelers. The property also has convenient access to State Route 434, U.S. Highway 411, and Interstate 4, with Orlando International Airport located less than 12 miles away.