For Sale
$3,385,000

1501 Us-441Lady Lake, FL 32159

Prime Medical Office, High Visibility

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional Class A, two-story medical office building in The Villages, Florida, offers 9,040 square feet of space, currently 100% occupied across five units. Situated on a 0.126-acre lot at 1501 US-441, this property boasts a prime location directly across from UF Hospital, ensuring high visibility and convenient patient access. Built in 2002 and renovated in 2023, the building features 7,753 square feet of net rentable space, currently generating a NOI of $179,101, with a pro-forma NOI of $245,348 and a pro-forma cap rate of 7.25%. The asking price is $3,385,000 ($374.45/sq ft). The largest tenant lease (3,268 sq ft) expires 3/31/2026 without renewal options; other tenants are on month-to-month leases, presenting a value-add opportunity. This fee-simple property is zoned PUD and represents a rare opportunity to own a highly visible medical building in a thriving retirement community. The building's strategic location and potential for increased rental income make it an attractive investment for owner-users seeking a strong presence in The Villages. The property features four credit-rated tenants.

Highlights

  • $3,385,000 asking price for a Class A, 9,040 square foot medical office building.
  • Located in The Villages, Florida, directly across from UF Hospital on US Highway 441/27.
  • 100% occupied with four tenants, offering a 7.25% pro-forma cap rate and $245,348 pro-forma NOI.
  • Features 7,753 square feet of net rentable space, with a price per square foot of $374.45.
  • Built in 2002 and renovated in 2023, this two-story building sits on a 0.126-acre lot and is offered fee simple.

Property Details for 1501 Us-441

Property type
Office properties, Medical offices
Square Feet
9,040 SF
Class
A
Year Built/Renovated
2002/2023
Buildings
1
Stories
2
Units
5

Location Insight

City
Lady Lake
County
Sumter
State
Florida
Latitude
28.951715928957
Longitude
-81.956626127078
1501 Us-441, Lady Lake, Florida

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1501 Us-441
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