2nd Floor Office Condo Portfolio at Union Street Station

Highlights

• Attractive 7.73% going-in capitalization rate based on annual NOI of $483,141.
• Convenient access to structured parking in the adjacent parking garage.
• Diversified rental income across government-related, legal, healthcare staffing, and community-service tenants.
• Highly stabilized investment with 96.4% occupancy and only 1,000 SF currently available.
• Modest leasing upside through stabilization of the remaining 1,000 SF vacancy.
• Premier downtown Gainesville location, within the Union Street Station mixed-use development.
• Proximity to the University of Florida and UF Health, two of Gainesville's major institutional and employment anchors.
• Six office condominium units offered as a single investment portfolio, totaling 27,772 SF.
• Strong government-related and professional tenant mix, including the Veterans Administration, U.S. Army Corps of Engineers, Early Learning Coalition of Alachua County, Maxim Healthcare Services, and Florida Probate Law Group.
• Walkable urban amenities, including restaurants, cafs, hotels, entertainment, and downtown professional services.
• Weighted Average Lease Term (WALT) approximately 6.3 years (weighted by leased square footage)

Location

Located at 201 SE 2nd Ave, Gainesville, FL 32601, this property is part of the Springhill - Kirkwood neighborhood and North Central Florida market.