Contacts
Lee & Associates
Property Details
- Property Type Office - General Office
- Property Size 27,772 SF
- Units 6
- Lot Size 0.97 Acre
- Building Class B
- Year Built 2000
- Date Updated Oct 28, 2026
Reach out to the broker for more info on lease terms and amenities
Highlights
- Attractive 7.73% going-in capitalization rate based on annual NOI of $483,141.
- Convenient access to structured parking in the adjacent parking garage.
- Diversified rental income across government-related, legal, healthcare staffing, and community-service tenants.
- Highly stabilized investment with 96.4% occupancy and only 1,000 SF currently available.
- Modest leasing upside through stabilization of the remaining 1,000 SF vacancy.
- Premier downtown Gainesville location, within the Union Street Station mixed-use development.
- Proximity to the University of Florida and UF Health, two of Gainesville's major institutional and employment anchors.
- Six office condominium units offered as a single investment portfolio, totaling 27,772 SF.
- 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.
- Walkable urban amenities, including restaurants, cafs, hotels, entertainment, and downtown professional services.
- Weighted Average Lease Term (WALT) approximately 6.3 years (weighted by leased square footage)
Attachments
Getting around
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94/100
Walk Score ®
-
99/100
Bike Score ®
Location
- City Gainesville, FL
- Neighborhood Springhill - Kirkwood
- Zip Code 32601
- Market North Central Florida
Points of Interest
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Wawa
0.66 miles
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Refresh
0.77 miles
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Sunoco
0.80 miles
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Citgo
1.03 miles
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GATE
1.07 miles
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Kangaroo Express
1.28 miles
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Marathon
1.52 miles
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ChargePoint
1.55 miles
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Texaco
2.68 miles
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Tesla Supercharger
3.64 miles
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Lot 10
0.18 miles
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Ayers Plaza Parking lot
0.55 miles
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Ayers Plaza Overflow Parking
0.67 miles
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Norman Garage
0.90 miles
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Norman Field Lot Parking
0.93 miles
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Yulee Reid Parking
1.02 miles
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Cypress Parking
1.03 miles
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Fine Arts C Parking
1.04 miles
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PK Yonge Parking
1.04 miles
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Tigert Hall Parking
1.04 miles
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Hampton Inn & Suites Gainesville-Downtown
0.05 miles
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Hyatt Place Gainesville Downtown
0.06 miles
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Sweetwater Branch Inn
0.31 miles
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Gainesville Lodge
0.36 miles
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Holiday Inn Gainesville University Center
0.93 miles
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AC Hotel
1.00 miles
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Shands Guest House
1.40 miles
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Days Inn by Wyndham Gainesville University
1.42 miles
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Reitz Union Hotel
1.49 miles
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Home2 Suites
1.56 miles
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Chun Ching Supermarket
0.78 miles
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Winn-Dixie
0.93 miles
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Publix
0.96 miles
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Walmart Supercenter
1.65 miles
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Ward's Supermarket
1.68 miles
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Burlington
2.03 miles
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ALDI
2.76 miles
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Kohl's
3.51 miles
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Ross
3.85 miles
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Target
4.13 miles
Lee & Associates