11.12% Cap Rate / Medical Office Warehouse
1314 Sumter St, Leesburg, Florida 34748
Sold: $475,000
Property Details
Property Type
Improved property
Building Type
Freestanding
Building Size
7,480 sqft
Land Size
33,966 sqft
Sewer
City of Leesburg
Water
City of Leesburg
Zoning
C-3 Hwy Commercial
Electric
City of Leesburg
Year Built
2001
Roof
Metal
Construction
Concrete Block
80% Leased Nnn
3.5 Years left on Lease
1 Suite Left For Your Office
or a New Tenant
Property Description
11.12.% Cap Rate, For Sale $495,000
Medical Office Warehouse, 1 Block off US 27
7,480 SF Concrete Bldg, 5 Suites 1,500 SF each
3/4 Acre (102'X333')
City Utilities
Zoned C–3, Hwy Commercial
Built 2001
Alt Key # 1239371
Attractive property. Building and landscape very well maintained.
Total Annual Rent = $66,724.00 (not including sales tax)Total Annual Expenses = $11,648.00
Net Operating Income = $55,076.00
*80% Leased NNN (1 medical tenant, 4 suites, 3.5 years left on Lease) 3% Cost of living / increase on Tax & Ins.
No Sign. Please do not Disturb Tenant.
Location
Contact
Jim Miller, CCIM, ALC
Grizzard Commercial Real Estate Group
Office: (352) 504-0070
[email protected]