park avenue office - loopnet...total sf 5,010 roof cover architectural shingles leasable sf 4,800 ac...
TRANSCRIPT
EXCEPTIONAL INVESTMENT OPPORTUNITY
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COSTEL VANATORULic. Real Estate Broker • Vanwald&Associates LLC321-947-9536 • [email protected]
The information contained in this flyer is deemed to be reliable but not guaranteed. All facts should be independently verified.
PARK AVENUE OFFICEGainesville, Florida
Confidential Offering Memorandum
EXCEPTIONAL INVESTMENT OPPORTUNITY
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COSTEL VANATORULic. Real Estate Broker • Vanwald&Associates LLC321-947-9536 • [email protected]
The information contained in this flyer is deemed to be reliable but not guaranteed. All facts should be independently verified.
TABLE OF CONTENTS
F O R M O R E I N F O R M A T I O N , C O N T A C T :
COSTEL VANATORULic. Real Estate [email protected]
VanWald & Associates LLC • 6000 Metrowest BLVD, STE 101, Orlando, FL 32835
& A S S O C I A T E S
PROPER T Y SN APSHO T
PROPER T Y OVERV I EW
LOC AT ION OVERV I EW
PROPER T Y PHO T OS
TEN ANT L INE -UP
OPERAT ING INFORMAT ION & INVES TMENT DETA I L S
CONTACT INFORMAT ION
EXCEPTIONAL INVESTMENT OPPORTUNITY
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COSTEL VANATORULic. Real Estate Broker • Vanwald&Associates LLC321-947-9536 • [email protected]
The information contained in this flyer is deemed to be reliable but not guaranteed. All facts should be independently verified.
PROPERTY SNAPSHOT
Property PARK AVENUE
Address 925 NW 56th Terrance
City, State Gainesville, FL 32605
County Alachua County
Type Office
Year Built 1988
Occupancy 100%
Square feet 5,010 total
Buildings 1
Suites 3
Floors One
Class B
Parking Ample Parking Available
VanWald & Associates is pleased to present the opportunity to acquire 925 NW 56th Terrace, located in Park Avenue Medical Office Park in Gainesville, Florida.
The offering consists of a quality, (1) single-story multi-tenant office building totaling 4,800 square feet. The asset is 100% leased and located in a very well positioned office park, with close proximity to the North Florida Regional Hospital, The Oaks Mall, I-75, as well as other key areas of Gainesville.
The property is divided into 3 (three) individual office suites currently leased by strong tenants, and used as professional business offices.
• 100% LEASED
• WELL MAINTAINED
• AMPLE PARKING
PROPERT Y SNAPSHOT
PROPERT Y SNAPSHOT
100% Leased
EXCEPTIONAL INVESTMENT OPPORTUNITY
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COSTEL VANATORULic. Real Estate Broker • Vanwald&Associates LLC321-947-9536 • [email protected]
The information contained in this flyer is deemed to be reliable but not guaranteed. All facts should be independently verified.
PROPERT Y OVERVIEW
Boundary lines are approximate.
SITE DATA
SITE DATAProperty PARK AVENUE
Address 925 NW 56th Terrace
State Gainesville, Fl 32605
County Alachua PID 06354-010-013
Area 20,909 SF +/-
Zoning PD
Use 01700-Office 1 Story
PARK AVENUEOFFICE
EXCEPTIONAL INVESTMENT OPPORTUNITY
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COSTEL VANATORULic. Real Estate Broker • Vanwald&Associates LLC321-947-9536 • [email protected]
The information contained in this flyer is deemed to be reliable but not guaranteed. All facts should be independently verified.
BUILDING DATABuilding Use Professional Office Year Built 2000
Type Free Standing Building Class B
Occupancy 100% Exterior Construction Hardiboard
Tenancy Multiple Interior Construction Drywall
Total SF 5,010 Roof Cover Architectural Shingles
Leasable SF 4,800 AC Central
Buildings 1 Heating Forced Air/Electric
Suites 3 Parking Ample Parking in Business Park
Floors One
BUILDING DATA
PROPERT Y OVERVIEW
Front Left
EXCEPTIONAL INVESTMENT OPPORTUNITY
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COSTEL VANATORULic. Real Estate Broker • Vanwald&Associates LLC321-947-9536 • [email protected]
The information contained in this flyer is deemed to be reliable but not guaranteed. All facts should be independently verified.
EXCELLENT LOCATION
PARK AVENUE is strategically located minutes to the NORTH FLORIDA REGIONAL HOSPITAL,The Oaks Mall, and I-75. The property is situated in an Office Business Park featuring mostly Medical and Law Offices. Excellent access to I-75, about 20 minutes to the Gainesville International Airport, and The University of Florida.
The site benefits from ample parking and great placement. The Office Park is very well appointed, with matured oak trees and well manicured landscaping.
The aforementioned location, construction quality, and tenant line-up provide an investor a unique opportunity to add this Asset to their portfolio.
PARK AVENUEOFFICE
LOCATION OVERVIEW
PARK AVENUEOFFICE
W NWEBERRY RD
EXCEPTIONAL INVESTMENT OPPORTUNITY
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COSTEL VANATORULic. Real Estate Broker • Vanwald&Associates LLC321-947-9536 • [email protected]
The information contained in this flyer is deemed to be reliable but not guaranteed. All facts should be independently verified.
100% LEASED
FRONT VIEW
PROPERT Y PHOTOS
EXCEPTIONAL INVESTMENT OPPORTUNITY
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COSTEL VANATORULic. Real Estate Broker • Vanwald&Associates LLC321-947-9536 • [email protected]
The information contained in this flyer is deemed to be reliable but not guaranteed. All facts should be independently verified.
TENANT LINE-UP
SUITE A
Tenant
Brashear & Assoc., PL
Use Law Offices
Tenant Description Attorneys: Bruce Brashear, J.D. - Peter C. Focks, J.D. - Larry D. Marsh, J.D., LL.MOur mission is to help our clients achieve their business goals by providing practical solutions to their needs and common-sense advice designed to avoid problems in a cost-effective, timely manner.
Square Footage 2,080 SF +/-
Lease Type Lease Term Lease Commencement End of Term Yearly Rate
Mod. Gross 60 June 1, 2013 May 30, 2018 $20,799
SUITE B
Tenant
Comfort KeepersA Sodexo Brand
Use Professional Office
Website www.comfortkeepers.com
Tenant Description For more than 11 years, Comfort Keepers has been providing home care services for seniors and other adults in and around Gainesville, Alachua, Archer, Willison, and Hawthorne, Flor-ida. For us, it’s about providing a service to seniors and their families that will give them the most comprehensive, quality home care while continuing to promote their independence and maintaining their quality of life.
Square Footage 1,120 SF +/-
Lease Type Lease Term Lease Commencement End of Term Yearly Rate
Mod. Gross 72 Oct 15, 2011 Oct 14, 2017 $14,879
SUITE A
Tenant
The Toney Law Firm
Use Law Offices
Tenant Description At The Toney Law Firm, we are committed to providing compassionate quality legal repre-sentation for elders and their families for an affordable and reasonable fee. Our goal is to help dispel myths and fears that our clients face and help our clients find peace of mind in a complicated legal and social arena.Scott has extensive experience in handling matters relating to lifetime planning for his clients’ financial and health needs, as well as assisting their family members with estate and trust set-tlement. In addition to the practice areas of estate planning, our firm also handles elder law matters, guardianships, probate and real estate closings
Square Footage 2,080 SF +/-
Lease Type Lease Term Lease Commencement End of Term Yearly Rate
Mod. Gross 60 Feb 1, 2016 Jan 31, 2021 $19,200
EXCEPTIONAL INVESTMENT OPPORTUNITY
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COSTEL VANATORULic. Real Estate Broker • Vanwald&Associates LLC321-947-9536 • [email protected]
The information contained in this flyer is deemed to be reliable but not guaranteed. All facts should be independently verified.
FINANCIAL INFORMATION
OPERATING INFORMATION
Financial inFormationSuite 2016 to 2017 Rent Increases
Suite A $20,800 N/ASuite B $14,879 3% YearlySuite C $19,200 3% Yearly
Gross Income $54,879Expenses $10,985
Net Income $43,894
investment Details
Purchase Price $629,000caP rate 7.00%Price Per square Foot $125.54
EXCEPTIONAL INVESTMENT OPPORTUNITY
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COSTEL VANATORULic. Real Estate Broker • Vanwald&Associates LLC321-947-9536 • [email protected]
The information contained in this flyer is deemed to be reliable but not guaranteed. All facts should be independently verified.
GAINESVILLE, FLORIDA
Gainesville is the county seat and largest city in Alachua County, Florida, and the principal city of the Gainesville, Florida Metropolitan Statistical Area (MSA). The population of Gainesville in the 2013 US Census was 127,488, a 2.4% growth from 2010. Gainesville is the largest city in the region of North Central Florida. In addition, it is also a component of the Gainesville-Lake City Combined Statistical Area, which had a 2013 population of 337,925.
Gainesville is home to the University of Florida, the nation’s eighth largest university campus by enrollment, as well as to Santa Fe College. The Gainesville MSA was ranked as the #1 place to live in North America in the 2007 edition of Cities Ranked and Rated.
Also in 2007, Gainesville was ranked as one of the “best places to live and play” in the United States by National Geographic Adventure.
SUBJECT PROPERTY DEMOGRAPHICS
1-mi. 3-mi. 5-mi.2015 Total Population 6,868 76,465 160,6622015 Households 3,052 30,689 64,655
Housing 1-mi. 3-mi. 5-mi.2015 Housing Units 3,116 29,229 64,4072015 Occupied Housing Units 3,008 27,129 59,2182015 Owner Occupied Housing Units 2,339 13,201 25,2492015 Renter Occupied Housing Units 669 13,928 33,969
2015 Household Income: Median $61,392 $41,602 $36,3032015 Household Income: Average $93,598 $64,349 $58,1682015 Per Capita Income $41,666 $27,846 $25,036From www.Loopnet.com
Market Area
EXCEPTIONAL INVESTMENT OPPORTUNITY
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COSTEL VANATORULic. Real Estate Broker • Vanwald&Associates LLC321-947-9536 • [email protected]
The information contained in this flyer is deemed to be reliable but not guaranteed. All facts should be independently verified.
F O R M O R E I N F O R M A T I O N , C O N T A C T :
VanWald & Associates LLC • 6000 Metrowest BLVD, STE 101, Orlando, FL 32835& A S S O C I A T E S
COSTEL VANATORULic. Real Estate [email protected]
CONTACT INFORMATION
CONTACT THE BROKER
Disclosure: One of the sellers holds an active real estate broker license in the State of Florida.