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5.47% CAP Rate Medical Bldg, UF Health 700 Doctors Ct

4,028 SF Office Building Leesburg, FL 34748 $1,225,000 ($304/SF) 5.58% Cap Rate

Investment Highlights

  • 5.58% CAP Rate - Single Tenant - Established Medical
  • Lease NN with 4 years+ left on the initial term 7 year lease with two 3 year options.
  • UF Medical Plaza Directly Across from UF Health Leesburg Hospital

Executive Summary

5.58% CAP - Medical Income Property in UF Medical Plaza - Offering is for a 4,028+/- SF single tenant Medical Bldg in a medical park directly across and in font of the University of Florida Health at Leesburg Hospital. Tenant is UF Health Cardiology. Lease is NN / Double Net with 4 years+ left on the initial term 7 year lease with two 3 year options. Building and property are very attractive and meticulously maintained. Site is a corner lot .53+/- acre located at Doctors Court and Medical Plaza. The UF Medical plaza is large with attractive and well maintained buildings, properties and parking lots. Located an hour from Gainesville, Orlando or Tampa and minutes to The Villages. Shown by appointment only. DO NOT ENTER building without an appointment. Listing agent will accompany. All information provided herein is believed to be accurate and correct but is not guaranteed or warranted and subject to change without notice. Excellent Central Florida Investment Opportunity !!

Property Facts

Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
4,028 SF
Building Class
B
Year Built
1997
Price
$1,225,000
Price Per SF
$304
Cap Rate
5.58%
NOI
$68,320
Tenancy
Single
Building Height
1 Story
Typical Floor Size
4,028 SF
Building FAR
0.17
Lot Size
0.53 AC
Zoning
Medical
Parking
16 Spaces (3.97 Spaces per 1,000 SF Leased)

Amenities

  • Wi-Fi

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
25-19-24-1050-000-00300
Land Assessment
$239,803
Improvements Assessment
$535,098
Total Assessment
$774,901
  • Listing ID: 31739699

  • Date on Market: 5/8/2024

  • Last Updated:

  • Address: 700 Doctors Ct, Leesburg, FL 34748

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