2nd Floor Office Condo Portfolio at Union Street Station

Highlights:

• 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.

Description:

Located within Union Street Station, this six-unit, 27,772± SF second-floor office condo portfolio offers investors a largely stabilized position in downtown Gainesville. The portfolio is 96.4% occupied, with approximately 1,000 SF available, and generates annual net operating income of $483,141, representing a 7.73% going-in capitalization rate. Its diversified tenant mix includes government-related, legal, healthcare staffing and community-service organizations.

The property combines established in-place income with a downtown setting near restaurants, cafés, hotels and professional services. Direct access to the adjacent parking garage via a covered pedestrian skybridge, and the portfolio’s approximately 6.3-year weighted average lease term* provides income visibility, while lease-up of the remaining vacancy offers potential upside. Union Street Station is a mixed-use downtown development with office space, restaurants and other businesses nearby.

DIVERSE DOWNTOWN TENANT ROSTER
Union Street Station is home to a mix of public-sector, professional, healthcare and community-service organizations. This variety supports the portfolio’s diversified income profile, with 96.4% occupancy and an approximately 6.3-year weighted average lease term. See brochure for tenant roster.

The portfolio pairs established office tenancy with the character and amenities of a mixed-use downtown destination. Dining, retail and nearby hotels add to the appeal, while the central location places tenants in the midst of Gainesville’s professional and civic activity. Own a significant office presence in one of downtown Gainesville’s most distinctive settings.

Downtown Gainesville, Florida

---

Report Listing This listing was syndicated through:

Documents: