This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

Close
You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

964 characters remaining

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

We will automatically send your friend a one-time email inviting him or her to visit the site. LoopNet stores this information for the sole purpose of sending this one-time email and tracking the success of our referral program. View LoopNet's Privacy Policy

thank you

Your email has been sent!

500 Ardice Ave

2,040 SF Office Building Eustis, FL 32726 $480,522 CAD ($236 CAD/SF) 5.28% Cap Rate

Office Space Florida Eustis 500 Ardice Ave, Eustis, FL 32726

Investment Highlights

  • Excellent Tenant
  • Building in excellent condition
  • Below Market rent allows good upside

Executive Summary

Good Tenant with upside. The building is occupied by Total Sleep Management. This is one of six locations for this sleep disorder company. This is their second lease at this location and they are beginning their second year of a three year lease which ends December 31, 2023. The current rent is $2,100 per month plus sales tax and increases to $2,200 per month in their final year. Lease rates are well below market at just over $12.00 per square foot on a modified gross lease. Landlord is responsible for structural, the exterior including landscape as well as real estate taxes and casualty insurance. Tenant is responsible for interior maintenance and liability insurance.

Attachments

McNamara Building writeup

Data Room Click Here to Access

  • Operating and Financials

Property Facts

Sale Type
Investment
Property Type
Office
Building Size
2,040 SF
Building Class
B
Year Built/Renovated
1979/2012
Price
$480,522 CAD
Price Per SF
$236 CAD
Cap Rate
5.28%
NOI
$25,393 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
2,040 SF
Building FAR
0.28
Lot Size
0.17 AC
Zoning
RT - City of Eustis Residential/Office Transitional which allow business and professional offices and limited retail and service uses.
Parking
7 Spaces (3.43 Spaces per 1,000 SF Leased)

Amenities

  • Signage
  • Air Conditioning
1 of 1
(352) 406-5766

Contact

  • Listing ID: 25520578

  • Date on Market: 2022-04-21

  • Last Updated:

  • Address: 500 Ardice Ave, Eustis, FL 32726

The Office Property at 500 Ardice Ave, Eustis, FL 32726 is currently available for sale. Contact Bryan Properties Inc. for more information.

Office PROPERTIES IN NEARBY NEIGHBORHOODS

Nearby Listings

1 of 4
VIDEOS
3D TOUR
PHOTOS
STREET VIEW STREET
MAP

1/4
500 Ardice Ave, Eustis, FL for sale Building Photo- Image 1 of 4
Front view
500 Ardice Ave, Eustis, FL for sale Building Photo- Image 2 of 4
side view
500 Ardice Ave, Eustis, FL for sale Building Photo- Image 3 of 4
county GIS

1 of 1

Connect with us

© 2024 CoStar Group

The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.

500 Ardice Ave
(352) 406-5766 x

500 Ardice Ave

Paul Bryan

(352) 406-5766

(352) 406-5766

Already a member? Log In

First Name*

Last Name*

Please enter an email address.

Email*

Phone*

Ext (optional)

Company (optional)

Please leave a message.

Message*

{{messageTextLength}} out of 600

New to LoopNet? No problem. We'll automatically create a free account for you. By clicking the button, you agree to LoopNet's Terms of Use and Privacy Policy.

Hmm, there seems to have been an error sending your message. Please try again.

Thanks! Your message was sent.

Send another message

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}
You can provide feedback any time using the Help button at the top of the page.

Share Link