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StripCenter Photos

StripCenter Video

Agent Details

SouthGate Centre

Price

$5,600,000

StripCenter Highlights

  • PROXIMITY TO UNIVERSITY: Located just 1.5 miles from 5th largest university in the country.

  • RARE OPPORTUNITY: Largest of only three unanchored strip centers over 20,000 SF in Gainesville.

  • LANDLORD FRIENDLY LEASES: 12 of 13 tenants have annual rent increases. All 13 reimburse for management and CAM administration.

Cap Rate

7.79%

NOI

$436,097

Year Built

1989

Occupancy

100%

Building SF

24,025

3 Mile HHI

$59,696

Units/Bays

13

Lot Size

2.24 Acres

3 Mile Pop

73,239

Property Features

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