404 SW 140 Terrace, Newberry, FL 32669

MLS ID# 402315

Fill out my online form.
50,555Sq. Ft.281Days$71$/Sq. Ft.

FOR SALE - Office

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).

Cyndall Pauley

Showcased By

Cyndall Pauley Customer Concierge

(352) 559-8820

cyndall@buysellrabell.com

MLS Data For: 404 SW 140 Terrace, Newberry, FL 32669

MLS Number:
402315
List Price:
$3,600,000
Status:
Active
Date Listed:
February 17th, 2017
Type:
Commercial
Subtype:
Office
County:
Alachua
Foreclosed:
No
Subdivision:
N/A
Legal Description:Lengthy. See LA.

Additional Details For: 404 SW 140 Terrace, Newberry, FL 32669

Parcel Number04344-005-008
Building Size50555 Sq. Ft.
Number of Acres5.64
Short SaleNo
Price / SqFt$71.21
DirectionsFrom Newberry Rd. Turn south on SW 140th Terrace. Follow until the end. Subject is on the left.

Listing provided courtesy of Coldwell Banker M.M. Parrish Realtors