For Sale
$1,250,000

4141 37Th PlGainesville, FL 32606

8,000 SF Co-working Space, 5.34% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 8,000 square foot office building, located at 4141 NW 37th Pl in Gainesville, Florida (32606), presents a compelling investment opportunity. The property, constructed in 1994, boasts a beautiful brick and stucco exterior and sits on a 0.18-acre lot. Currently operating at 100% occupancy, the building is leased to a blue-chip tenant with a lease expiring in April 2024, and includes one remaining three-year option. The asking price is $1,250,000, representing a price per square foot of $156.25 and a 5.34% cap rate. The property is zoned PD and features a single story design. Significant recent improvements include a new roof installed in 2017, extensive interior renovations by the tenant, and exterior painting completed in 2018. The building is comprised of two suites that can be easily separated, making it ideal for both investors and owner-occupiers. Its prime location in the desirable NW 39th Avenue and Millhopper area of Gainesville further enhances its appeal. Detailed financial proformas and suite breakdowns are available upon request. This is a rare opportunity to acquire a high-quality, well-maintained office building in a thriving Gainesville location. The property's strong tenant history and recent upgrades make it an attractive investment with significant potential for future returns.

Highlights

  • 8,000 SF brick and stucco building in Metro Corp Center, Gainesville. Two combined suites, easily divisible. Excellent investment opportunity.
  • Leased to a blue-chip tenant through April 2024, with one 3-year option. New roof (2017), significant tenant interior improvements, and exterior painting (2018).
  • Prime NW 39th Avenue and Millhopper location. High-quality office building in a desirable Gainesville area.
  • Principals only.

Property Details for 4141 37Th Pl

Property type
Office properties, Coworking space
Square Feet
8,000 SF
Class
C
Year Built
1994
Stories
1
Lot Size (sq. ft)
7,841 SF

Location Insight

City
Gainesville
County
Alachua
State
Florida
Latitude
29.6871078
Longitude
-82.3878778
4141 37Th Pl, Gainesville, Florida

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
4141 37Th Pl
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message