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16345 State Road 50 4,798 SF 100% Leased Office Building Clermont, FL 34711 $2,290,000 ($477.28/SF) 6.29% Cap Rate
Investment Highlights
- Annual Average Daily Traffic (AADT) of 51,000 car trips per day
- Both existing tenant's have 90 day vacate clause in their agreement if buyer want to occupy
- Oversized lot allowing up to 4,500 SF additional building expansion providing future investment potential
Executive Summary
LOCATION
This property is located in East Clermont on the North side of State Road 50 at the intersection of County Road 455
There are over 20 national brands including the East Town Center Publix Plaza currently located at the same intersection as this property. With Annual Average Daily Traffic (AADT) of 51,000 car trips per day at the front door, this high energy location is unlike any other in the southeast Lake County market. The property is directly accessible via both eastbound and westbound turning lanes on SR 50 and a perimeter road connecting to CR 455 for instant client and customer access. This property is conveniently located near Florida Turnpike exit 272 for Clermont / Oakland / Winter Garden.
With easy access to Orlando, this property is in the heart of the newest and fastest growing East Clermont / West Orange business district.
This property is located in East Clermont on the North side of State Road 50 at the intersection of County Road 455
There are over 20 national brands including the East Town Center Publix Plaza currently located at the same intersection as this property. With Annual Average Daily Traffic (AADT) of 51,000 car trips per day at the front door, this high energy location is unlike any other in the southeast Lake County market. The property is directly accessible via both eastbound and westbound turning lanes on SR 50 and a perimeter road connecting to CR 455 for instant client and customer access. This property is conveniently located near Florida Turnpike exit 272 for Clermont / Oakland / Winter Garden.
With easy access to Orlando, this property is in the heart of the newest and fastest growing East Clermont / West Orange business district.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
4,798 SF
Building Class
B
Year Built
2006
Price
$2,290,000
Price Per SF
$477.28
Cap Rate
6.29%
NOI
$144,100
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
4,798 SF
Slab To Slab
11’6”
Building FAR
0.09
Lot Size
1.17 AC
Zoning
CP - C-2 General Commercial District
Parking
27 Spaces (5.63 Spaces per 1,000 SF Leased)
Amenities
- Signage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Finance and Insurance
-
99,999 SF
-
$9.99
-
Lorem Ipsum
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Jan 0000
Allstate is a publicly traded insurance holding company providing property, casualty, and related financial protection products to individual and commercial customers. Founded in 1931, the company is headquartered in Northbrook, Illinois and operates through a group of regulated insurance subsidiaries across the United States and Canada. Allstate’s common stock trades on the New York Stock Exchange under the ticker symbol ALL.
- Linx Legal
- Professional, Scientific, and Technical Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Finance and Insurance | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| Linx Legal | Professional, Scientific, and Technical Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 09-22-26-1105-011-00003 | Improvements Assessment | $393,596 |
| Land Assessment | $522,289 | Total Assessment | $915,885 |
Property Taxes
Parcel Number
09-22-26-1105-011-00003
Land Assessment
$522,289
Improvements Assessment
$393,596
Total Assessment
$915,885
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Presented by
Clermont Property Mgmt Inc
16345 State Road 50
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