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7420 W Newberry Rd
Gainesville, FL 32605
West Newberry Road Retail at I-75 · Retail Property For Sale
Investment Highlights
- Strong Cash Flow with 100% Occupancy
- Superb Retail Location and Connectivity
- Adjacency to Key Economic Drivers
- Medium-Term Mark-to-Market Upside
- Major Intersection with High Traffic Counts
- ±84-Acre Nearby Future Development
Executive Summary
Avison Young is pleased to present the exclusive opportunity to acquire the 7420 Newberry Retail Center (the “Property”), a fully-occupied, ±14,110 SF retail asset located at the intersection of West Newberry Road (±52,000 AADT) and I-75 (±98,500 AADT) in Gainesville, Florida. Built in 2009, this center provides immediate, low-management cash flow with ample mark-to-market upside. The Property’s roster of service-oriented tenants focused on childcare and fitness directly caters to the year-round needs of West Gainesville’s professional families.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
14,110 SF
Building Class
C
Year Built
2009
Price
$3,499,000
Price Per SF
$247.98
Cap Rate
6%
NOI
$209,766
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.09
Lot Size
3.54 AC
Zoning
BH
Parking
99 Spaces (7.02 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 06336-001-002 | Improvements Assessment | $1,285,260 |
| Land Assessment | $498,448 | Total Assessment | $1,783,708 |
Property Taxes
Parcel Number
06336-001-002
Land Assessment
$498,448
Improvements Assessment
$1,285,260
Total Assessment
$1,783,708
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