PARK AVENUE PROFESSIONAL OFFICE

100% Leased | 7.55% Cap | Gainesville, FL

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Asking Price

$579,000

PARK AVENUE PROFESSIONAL OFFICE

100% Leased | 7.55% Cap | Gainesville, FL

Listing Brokers

Costel Vanatoru

Lic. Real Estate Broker

407.403.5775

FL License: FL BK3139052

Need more information? Contact broker, or click below to request the OM.

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PARK AVENUE PROFESSIONAL OFFICE

100% Leased | 7.55% Cap | Gainesville, FL

Price

$579,000

CAP Rate

7.55% +/-

Price/SF

$115.57

Occupancy

100%

Address

925 NW 56th Terrace

Tenancy

Multiple

City/State/Zip

Gainesville, FL 32605

Years Left on Lease

2 Years (+/-)

County

Alachua

Lease Type

MG

Property Type

Office Building

NOI

$43,894

Use Type

Investment Property

Building Class

B

PID

06354-010-013

Total Square Feet

5,010

Zoning

PD

Leasable Square Feet

4,800

Lot Size

0.48 AC (+/-)

Year Built

2000

PROPERTY DESCRIPTION

LOCATION OVERVIEW

TENANT DESCRIPTION

Asset DESCRIPTION

VanWald & Associates is pleased to present the opportunity to acquire 925 NW 56th Terrace, located in Park Avenue Medical Office Park in Gainesville, Florida.

 

The offering consists of a quality, (1) single-story multi-tenant office building totaling 4,800 square feet. The asset is 100% leased and located in a very well positioned office park, with close proximity to the North Florida Regional Hospital, The Oaks Mall, I-75, as well as other key areas of Gainesville.

 

The property is divided into 3 (three) individual office suites currently leased by strong tenants, and used as professional business offices.

LOCATION OVERVIEW

PARK AVENUE is strategically located minutes to the NORTH FLORIDA REGIONAL HOSPITAL,The Oaks Mall, and I-75.

The property is situated in an Office Business Park featuring mostly Medical and Law Offices. Excellent access to I-75, about 20 minutes to the Gainesville International Airport, and The University of Florida.

 

The site benefits from ample parking and great placement. The Office Park is very well appointed, with matured oak trees and well manicured landscaping.

 

The aforementioned location, construction quality, and tenant line-up provide an investor a unique opportunity to add this Asset to their portfolio.

TENANT INFORMATION

The asset is 100% leased by Toney Law Firm, Brashear & Associates Law Firm, and Comfort Keepers, a Sodexo Company. For more information please request the Offering Memorandum and/or contact listing broker.

All Rights Reserved. Copyright 2016 Vanwald & Associates LLC

VanWald & Associates LLC | Lic. Real Estate Broker | 6000 Metrowest BLVD STE 101, Orlando, FL 32835