2305 NE 19th Dr - Auto Repair FOR SALE


Gainesville, FL 32609
$900,000 USD
407-557-3824
2305 NE 19th Dr, Gainesville, FL for Sale
$900,000 USD
Auto Repair - FOR SALE
1/5
null | 6% Cap Rate

2305 NE 19th Dr
Gainesville, FL 32609


HIGHLIGHTS

  • New 15 Year Lease Signed August 2023
  • 10% Rental Increases Every Five Years
  • Corporate Lease with Classic Collision LLC | 250+ Locations Nationwide
  • Fifty Percent (50%) Below Market Rent: $4.76/SF vs $8-10 per CoStar
  • Private Equity Backed by TPG Capital with $220B in AUM
  • One of the Top Five Largest Collision Repair Companies in the Industry

OVERVIEW

The property is fully occupied with 15 year lease signed by Classic Collision LLC. The company operates 310+ locations nationwide.

FOR SALE DETAILS

PRICE

$900,000 USD

PRICE/SF

$79 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Classic Collision - Gainesville, FL

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1976

SPRINKLERS

-

PARKING SPACES

21

LAND DETAILS

LAND ACRES

0.66 AC

LAND SF

28,750 SF

ZONING

-

APN/PARCEL ID

08199-147-000

ASK ABOUT THIS PROPERTY

Scott GouldMarcus & MillichapMore Info
407-557-3824

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Scott GouldMarcus & MillichapMore Info
407-557-3824

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.