Class A Manufacturing and Laboratory
14209 NW 119th Terrace, Alachua, FL 32615
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Newly constructed light manufacturing and laboratory facility in Alachua, Florida.
Type:Industrial
Property size:
21,455 SF- Added:
- Jan 13, 2026
- Days on Market:
- 119
- Last Refresh:
- Mar 17 at 1:19 pm
Property Features for 14209 NW 119th Terrace
General Information
- Standard status
- Active
- Size
- 21,455 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 2023
Listing agent Amber Crawford License #BK3111060
Listing office Swift Creek Realty (352) 278-2627
Listing date Jan 13, 2026
Source Crexi
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 Swift Creek Realty
HighLights
- Newly constructed, Class A light manufacturing and laboratory facility (21,455 sq ft).
- 100% leased to Ascend Advanced Therapies, lease guaranteed by parent company and Beacon Therapeutics.
- Net Operating Income (NOI) of $1,466,973.10.
- Over 13 years remaining on absolute NNN lease with annual rent increases.
- Extensive on‑site equipment including a BSL2 laboratory, fume hood, air filtration, process chiller, autoclave, and clean room facilities; tenant improvements exceeding $25 million.
- Located in the Progress District of Alachua, Florida, within a mixed‑use development.
Overview
Foundation Park Building II is a newly constructed, Class A, 21,455 square foot light manufacturing and laboratory facility. The property is 100% leased to Ascend Advanced Therapies, a manufacturer in gene therapies, immunotherapies, oncolytics, and vaccines. The lease is guaranteed by Ascend’s parent company, which operates internationally, as well as Beacon Therapeutics. The facility is equipped to accommodate biotech manufacturing, featuring a BSL2 laboratory, a fume hood, air filtration, a process chiller, autoclave, and clean room facilities. The tenant recently funded improvements exceeding $25 million. The lease commenced on April 1, 2024, with more than 13 years of remaining absolute NNN term and annual rent increases of 2% through year 9 and 2.5% in years 10-15. Located in Alachua, Florida, the property is part of the Progress District, an 800-acre research-based community comprised of 6 sub-districts. Progress District merges established biotech clusters founded in academia with ecotourism, community, and retail. It is home to one of the first bio-business incubators in the U.S. (UF Innovate | Accelerate at Sid Martin Biotech) and a college focused on emerging technology degrees (Santa FE College Perry Center). Other companies within Progress District include Momentum Labs, The Jackson Laboratory, Evergen, Etectrx, Canaery, Axogen, and the National Center for Construction, Education, and Research (NCCER).
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Manufacturing properties
Location Insight
- Map
- Local Demand
- City
- Alachua
- County
- Alachua
- State
- Florida
- Longitude
- -82.4710585
- Latitude
- 29.7848334
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FAQs
What type of property is this?
Manufacturing property - Newly constructed light manufacturing and laboratory facility in Alachua, Florida.
Where is this manufacturing property located?
The property is located at 14209 NW 119th Terrace Alachua, FL.
What are key features of this property?
This property features: Newly constructed, Class A light manufacturing and laboratory facility (21,455 sq ft).; 100% leased to Ascend Advanced Therapies, lease guaranteed by parent company and Beacon Therapeutics.; Net Operating Income (NOI) of $1,466,973.10.
