For Sale
$6,223,862

1655 Highway 50 Clermont, FL 34711

High-Occupancy Medical Office in Clermont, FL

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional 21,406 square-foot medical office building, constructed in 2008, presents a compelling investment opportunity. Located at 1655 E Hwy 50 in Clermont, Florida (34711), this multi-tenant property enjoys a prime location on State Highway 50, benefiting from high visibility and exposure to 52,000 vehicles daily. Currently boasting a 97% occupancy rate, the building houses a diverse tenant base including medical professionals and a U.S. Government Veterans Center, ensuring a stable and reliable cash flow. The Net Operating Income (NOI) stands at $466,790, translating to a 7.50% capitalization rate on the asking price of $6,223,862. The property operates under a NNN lease structure. There is a small vacancy offering the potential to increase NOI by an estimated $25,000 annually through additional leasing. The seller owns two of the three buildings in the development, providing additional control and potential upside. This well-maintained asset offers investors a strong performing property with significant growth potential in a desirable location. The building's high occupancy and diverse tenant mix provide a secure investment with a proven track record. This is an excellent opportunity to acquire a high-performing medical office building in a thriving Florida market.

Highlights

  • Prime location on State Highway 50, with daily exposure to 52,000 vehicles.
  • 97% occupancy with a diverse tenant mix including medical professionals and a U.S. Government Veterans Center.
  • Potential to increase NOI by $25,000 by leasing the small vacancy.
  • Strong cash flow from existing tenants, offering significant growth potential.
  • 21,406 square feet of net rentable office space.
  • Seller controls two of the three buildings in the development.

Property Details for 1655 Highway 50

Property type
Office properties, Medical offices
Year Built
2008

Location Insight

City
Clermont
County
Lake
State
Florida
Latitude
28.54489151429
Longitude
-81.725899617735

FAQs

What type of property is this?
Office property - High-Occupancy Medical Office in Clermont, FL
Where is the office property located?
The property is located at 1655 Highway 50 Clermont, FL.
What is the asking price?
The asking price for this property is $6,223,862.
What are key features of this property?
This property features: Prime location on State Highway 50, with daily exposure to 52,000 vehicles.; 97% occupancy with a diverse tenant mix including medical professionals and a U.S. Government Veterans Center.; Potential to increase NOI by $25,000 by leasing the small vacancy.
How can I contact the broker?
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1655 Highway 50
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