2nd Floor Office Condo Portfolio at Union Street Station

201 SE 2nd Ave, Gainesville, FL 32601

Accepting Offers

Asking Price

$6,250,000

201 SE 2nd Ave, Gainesville, FL 32601

Asset Type: Real Estate

Estate: Fee Simple

Land Area: 0.97 Acres

Number of Units: 6

Property Type: Office

Year Built: 2000

Number of Floors: 1

Property Size: 27,772 SF

Attractive 7.73% going-in capitalization rate based on annual NOI of $483,141.
Highly stabilized investment with 96.4% occupancy and only 1,000 SF currently available.
Strong government-related and professional tenant mix, including the Veterans Administration, U.S. Army Corps of Engineers, Early Learning Coalition of Alachua County, Maxim Healthcare Services, and Florida Probate Law Group.
Six office condominium units offered as a single investment portfolio, totaling 27,772 SF.
Weighted Average Lease Term (WALT) approximately 6.3 years (weighted by leased square footage)
Premier downtown Gainesville location, within the Union Street Station mixed-use development.
Convenient access to structured parking in the adjacent parking garage.
Walkable urban amenities, including restaurants, cafés, hotels, entertainment, and downtown professional services.
Proximity to the University of Florida and UF Health, two of Gainesville's major institutional and employment anchors.
Diversified rental income across government-related, legal, healthcare staffing, and community-service tenants.
Modest leasing upside through stabilization of the remaining 1,000 SF vacancy.