Class A Industrial/Flex
5431 SW 35th Drive Gainesville, FL 32608
5431 SW 35th Drive, Gainesville, FL, 32608
$7,499,000
For Sale
$7,499,000
Fully leased investment opportunity near I-75 in Gainesville, Florida.
Property Size35,984 SF
Lot Size3.69 Acres
Price / SF$208.40
Days on Market140
Property Features for 5431 SW 35th Drive
General Information
- Standard status
- Active
- Size
- 35,984 SF
- Lot size
- 3.69 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 2016
Listing agency
Colliers | Gainesville
(352) 420-9889
Listed by
Dan Drotos, MSRE, CCIM, SIOR · License #FL #BK3255693
Source
Lee-associates
Added: Mar 4 Updated: Jul 6 at 10:22AM Checked: Jul 21 at 6:58AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Colliers | Gainesville
Investment Insights
Based on property information with market context.
This fully leased, Class A industrial/flex/showroom/office building, constructed in 2016, offers an investment opportunity. The property is situated on 3.69 acres and is zoned BH (Highway oriented Business). It features on-building and monument signage, along with approximately 92 surface parking spaces. The industrial suite includes a truck-height dock and multiple commercial roll-up doors. The location provides convenient access to destinations in Gainesville, Florida, and beyond, being located at the Williston Road & I-75 (SR 121/331) exit. The property is approximately 3.7 miles from the University of Florida, Shands Teaching Hospital, and the VA Medical Center. The location is on busy north/south & east/west Gainesville corridors, with easy access to I-75. Tenants include a mix of office, industrial, showroom, and medical businesses, consisting of long-term National and Regional tenants. There are approximately 46,000 total households within a 5-mile radius. The building has 35,984 square feet.
Key Highlights
- Fully leased Class A industrial/flex/showroom/office building, an immediate investment opportunity.
- Excellent location with easy access to I‑75 at the Williston Road exit.
- Located just 3.7 miles from the University of Florida, Shands Teaching Hospital, and the VA Medical Center.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $712.5k | $19.80 |
| − Vacancy | −$114.0k | −$3.17 |
| EGI | $598.5k | $16.63 |
| − OpEx | −$149.6k | −$4.16 |
| NOI | $448.9k | $12.47 |
35,984 SF · lease $19.80/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$6.41M
$5.61M – $7.48M
NOI $448,864 @ 7.0% cap · market cap 5.99%
Second Best
Retail
$5.45M
$4.77M – $6.36M
NOI $381,535 @ 7.0% cap · market cap 5.09%
Theoretical Best
Office A
$8.91M
$7.80M – $10.40M
NOI $623,876 @ 7.0% cap · market cap 8.32%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Trane Supply
Hardware & Home Improvement
Crescent Healthcare
Pharmacy
Julian Rodriguez
Pharmacy
Sharie Youmans
Physician
Gator Domino's Office
Take-out & Catering
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FAQs
What type of property is this?
Flex space - Fully leased investment opportunity near I-75 in Gainesville, Florida.
Where is this flex space located?
The property is located at 5431 SW 35th Drive Gainesville, FL.
What is the asking price?
The asking price for this property is $7,499,000.
What are key features of this property?
This property features: Fully leased Class A industrial/flex/showroom/office building, an immediate investment opportunity.; Excellent location with easy access to I‑75 at the Williston Road exit.; Located just 3.7 miles from the University of Florida, Shands Teaching Hospital, and the VA Medical Center.
