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Tower Road Professional Center 105 NW 75th St 6,073 SF Office Building Gainesville, FL 32607 $1,436,983 ($236.62/SF) 7.25% Cap Rate
Investment Highlights
- Multi-Tenant Medical Office Building with 100% Occupancy and Stable Healthcare Tenancy
- Heartland Dental Recently Exercised 5-Year Renewal Option Through 2031 Demonstrating Commitment
- Prime Medical Corridor Location Near North Florida Regional Medical Center and University of Florida
- Government-Backed Income from U.S. Department of Veterans Affairs with 10+ Year Operating History
- Below Market Rents Provide Future Upside Through Renewals and Mark-to-Market Opportunities
- Attractive 7.25% Cap Rate with $104,181 Annual NOI and Recession-Resistant Healthcare Uses
Executive Summary
Kyle Matthews
License # BK3554632, CQ1066435 (FL)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
License # BK3554632, CQ1066435 (FL)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
6,073 SF
Building Class
B
Year Built
1997
Price
$1,436,983
Price Per SF
$236.62
Cap Rate
7.25%
NOI
$104,181
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
6,073 SF
Building FAR
0.12
Lot Size
1.20 AC
Zoning
BP
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 06655-101-001 | Improvements Assessment | $181,335 |
| Land Assessment | $119,265 | Total Assessment | $300,600 |
Property Taxes
Parcel Number
06655-101-001
Land Assessment
$119,265
Improvements Assessment
$181,335
Total Assessment
$300,600
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Tower Road Professional Center | 105 NW 75th St
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