Commercial property in Gainesville, Florida 538.93 sq.m. № 1913706

Property 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 $2,345,000 (6.0% cap rate). Excellent 1031 exchange candidate with stable cash flow, strong credit tenant, and future upside potential near the University of Florida.