Average square foot calculated using Size range provided by listing agent.
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.Show Description
MLS® NumberGC533715
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age2005
Stories
Pets
Corp Number
Included in Maintenance Fee
Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance
Utilities
Heat
A/CCentral Air
Heating Fuel
Extras
Similar Listings
Get notified of price or status changes by saving this listing