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
FL Real Estate License: FL BK3139052 | AL Real Estate License: 000125471-0