500 Ardice Ave - Office FOR SALE


Eustis, FL 32726
$339,000 USD
352-406-5766
500 Ardice Ave, Eustis, FL for Sale
$339,000 USD
Office - FOR SALE
1/3
null | 5.28% Cap Rate

500 Ardice Ave
Eustis, FL 32726


HIGHLIGHTS

  • Excellent Tenant
  • Below Market rent allows good upside
  • Building in excellent condition

OVERVIEW

Good Tenant with upside. The building is occupied by Total Sleep Management. This is one of six locations for this sleep disorder company. This is their second lease at this location and they are beginning their second year of a three year lease which ends December 31, 2023. The current rent is $2,100 per month plus sales tax and increases to $2,200 per month in their final year. Lease rates are well below market at just over $12.00 per square foot on a modified gross lease. Landlord is responsible for structural, the exterior including landscape as well as real estate taxes and casualty insurance. Tenant is responsible for interior maintenance and liability insurance.

FOR SALE DETAILS

PRICE

$339,000 USD

PRICE/SF

$166 USD /SF

CAP RATE

5.28%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1979

SPRINKLERS

-

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

RT

APN/PARCEL ID

23-19-26-0500-000-100

ASK ABOUT THIS PROPERTY

Paul BryanBryan Properties Inc.More Info
352-406-5766

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Paul BryanBryan Properties Inc.More Info
352-406-5766

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.