404 SW 140 Terrace
Newberry, FL 32669

$3,600,000

Description

World-class tenant has been in place for 20+ years anchors this excellent investment property. They occupy 62% of the property with three local tenants. In addition there are 14,000 +/- vacant SF that can be owner-occupied or leased to drive up the NOI. 2016 P&L shows NOI at $297,000 giving an as-is CAP rate of 7.6%. Owner is in the process of renovating the vacant space. The property is large enough to allow additional construction. Nice business park setting in the growing Jonesville area and just off of SR 26 (W. Newberry Road).

Details

MLS#402315
TypeIQWeb_Office Bldg
Sub-TypeResale
StatusActive
Days On Site516

Features

SQ Feet50,555
Story(s)1
ZoningBR

Market Activity 32669

Loading Form

Loading Form

Area Information

StateFL
CountyAlachua
CityNewberry
Zip Code32669
Listing VS Median (in 32669)
Price:
$3,600,000
low | high
Med:
$269,000
100% of Average
SqFt:
50,555
low | high
Med:
1,462
100% of Average
$ / SqFt:
$71
low | high
Med:
$46
85.403865519076% of Average
On Site:
516
low | high
Med:
84.5
100% of Average
Listing Updated: 07/17/2018
The information provide by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Some properties which appear for sale on this site may no longer be available because they are sold, under contract, or no longer being offered for sale. All information provided is deemed reliable but not guaranteed.