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Building III 1655 E Hwy 50 18,924 SF Office Building Clermont, FL 34711 $9,272,897 CAD ($490.01 CAD/SF) 7.90% Cap Rate
Investment Highlights
- Fully built-out corporate office space for sale with great location in the highly desirable Highway 50 corridor of Clermont.
- Just minutes away from the Florida Turnpike and Highway 27, with easy access to Downtown Orlando, Walt Disney World, Universal Orlando and Sea World.
Executive Summary
This is an exceptional chance to acquire an office building in a prime location along State Highway 50, with exposure to 52,000 vehicles per day. Built in 2008, the property maintains a remarkable occupancy rate and features an entire floor of in-demand executive suites. The diverse tenant mix includes medical professionals, a U.S. Government Veterans Assistance Center, an orthodontics practice, a real estate firm with international reach, and various professionals leasing the executive suites.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
18,924 SF
Building Class
B
Year Built
2008
Price
$9,272,897 CAD
Price Per SF
$490.01 CAD
Cap Rate
7.90%
NOI
$732,560 CAD
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
6,308 SF
Slab To Slab
11’
Building FAR
1.06
Lot Size
0.41 AC
Zoning
R-3 - Residential/Commercial Professional District
Parking
92 Spaces (4.86 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Signage
- Air Conditioning
Property Taxes
| Parcel Number | 09-22-26-1305-018-00003 | Improvements Assessment | $3,124,498 CAD |
| Land Assessment | $1,250,065 CAD | Total Assessment | $4,374,562 CAD |
Property Taxes
Parcel Number
09-22-26-1305-018-00003
Land Assessment
$1,250,065 CAD
Improvements Assessment
$3,124,498 CAD
Total Assessment
$4,374,562 CAD
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Building III | 1655 E Hwy 50
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