Martha Cornelius - Coldwell Banker MM Parrish
4550 NW 6th Street
Gainesville, FL 32609

$1,500,000

Description

Owner is preparing to retirehis loss is your gain! This free standing building is located in NW Gainesville with hard-to-find BA zoning with frontage and signage on NW 6th Street. This building has been leased consistently since 1999, with an average NOI of over $121,000 from 2002-2017. The building is presently in the midst of a large remodel, costing in excess of $325,000 in preparation for a lease that will begin in December 2018 with the United Stated Census Bureau. This remodel will give the building all-new raised acoustic ceiling, all-new carpet, all-new lighting, and completely new paint on the interior and exterior of the building. This property has been leased as a major call center and features substantial IT infrastructure, with both T1 and fiber optic internet, and a dedicated custom-climate controlled server room. The property is also pad-ready for installation of an automatic standby generator. With a projected 2019 NOI of $163,948, this property is aggressively priced for a quick sale with a CAP rate of nearly 11%.

Details

MLS#420154
TypeIQWeb_Office Bldg
Sub-TypeResale
StatusActive
Days On Site32

Features

SQ Feet9,360
Story(s)1
ZoningBA

Market Activity 32609

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Area Information

StateFL
CountyAlachua
CityGainesville
Zip Code32609
Listing VS Median (in 32609)
Price:
$1,500,000
low | high
Med:
$130,000
100% of Average
SqFt:
9,360
low | high
Med:
1,070
100% of Average
$ / SqFt:
$160
low | high
Med:
$124
72.748632946002% of Average
On Site:
32
low | high
Med:
66.5
48.12030075188% of Average
Listing Updated: 12/16/2018
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