7420 W Newberry Rd - Freestanding FOR SALE


Gainesville, FL 32605- Northwest Gainesville
$3,499,000 USD
305-476-7134
7420 W Newberry Rd, Gainesville, FL for Sale
$3,499,000 USD
Freestanding - FOR SALE
1/7
null | 6% Cap Rate

7420 W Newberry Rd
Gainesville, FL 32605
Northwest Gainesville


HIGHLIGHTS

  • Strong Cash Flow with 100% Occupancy
  • Medium-Term Mark-to-Market Upside
  • Superb Retail Location and Connectivity
  • Major Intersection with High Traffic Counts
  • Adjacency to Key Economic Drivers
  • ±84-Acre Nearby Future Development

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,499,000 USD

PRICE/SF

$257 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

West Newberry Road Retail at I-75

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

99

LAND DETAILS

LAND ACRES

3.54 AC

LAND SF

154,202 SF

ZONING

BH

APN/PARCEL ID

06336-001-002

ASK ABOUT THIS PROPERTY

Brian de la FéAvison YoungMore Info
305-476-7134

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Brian de la FéAvison YoungMore Info
305-476-7134

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.