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US Eye - Wildwood 5431 E State Road 44 19,893 SF 100% Leased Office Building Wildwood, FL 34785 $15,351,018 CAD ($771.68 CAD/SF) 6.50% Cap Rate
Investment Highlights
- Strategically located near The Villages, the world's largest retirement community with 140,000+ residents
- NNN lease structure minimizing landlord responsibilities
- Seven years of remaining contractual income through August 2033
- Leased to US Eye, 60+ location ophthalmology platform backed by Pamlico Capital
- Annual escalators equal to the lesser of 3% or CPI, hedging against inflation
- Favorable depreciation benefits through potential cost segregation study
Executive Summary
Broker Of Record
Kyle Matthews
Matthews Real Estate Investment Services, Inc
BK3554632, CQ1066435 (FL)
1600 West End Ave, Ste. 1500 Nashville, TN 37203 (866) 889-0550
Kyle Matthews
Matthews Real Estate Investment Services, Inc
BK3554632, CQ1066435 (FL)
1600 West End Ave, Ste. 1500 Nashville, TN 37203 (866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
19,893 SF
Building Class
B
Year Built
2021
Price
$15,351,018 CAD
Price Per SF
$771.68 CAD
Cap Rate
6.50%
NOI
$997,816 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
9,946 SF
Building FAR
0.11
Lot Size
4.17 AC
Zoning
C-3 - Commercial - 3 - Executive Office, Traditional Office, Medical Office
Parking
93 Spaces (4.08 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | G16L001 | Improvements Assessment | $5,468,413 CAD |
| Land Assessment | $1,160,311 CAD | Total Assessment | $6,628,724 CAD |
Property Taxes
Parcel Number
G16L001
Land Assessment
$1,160,311 CAD
Improvements Assessment
$5,468,413 CAD
Total Assessment
$6,628,724 CAD
Contacts
-
Tyler Swade -
Kyle Mackulak -
Rahul Chhajed -
Michael Moreno -
Matthews Real Estate Investment Services
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Presented by
US Eye - Wildwood | 5431 E State Road 44
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