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Listed by BOSSHARDT REALTY SERVICES LLC
$2,345,000
Est. payment /mo
5,801 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 5,801 sqft
Price per Sqft $404
MLS Listing ID GC533715
HOA Y/N No
Year Built 2005
Annual Tax Amount $10,986
Lot Size 6,534 Sqft
Acres 0.15
Property Sub-Type Office
Source Stellar MLS
Property Description
Prime investment opportunity in Gainesville, FL – 7,727 SF commercial property (5,801 SF heated & cooled) plus .11-acre expansion lot. Long-term national tenant ADT LLC, in place for over 20 years, recently extended lease through April 2029. Current NOI approx. $154,930/year with annual rent escalations. Tenant pays operating expenses and taxes. Offered at $2,495,000 (6.2% cap rate). Excellent 1031 exchange candidate with stable cash flow, strong credit tenant, and future upside potential near the University of Florida.
Location
State FL
County Alachua
Area 32608 - Gainesville
Zoning BUS
Interior
Cooling Central Air
Exterior
Roof Type Metal
Building
Foundation Slab
Lot Size Range 0 to less than 1/4
Structure Type Brick
New Construction false
Others
Ownership Corporation
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/GC533715
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