Class A Manufacturing and Laboratory
For Sale
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14209 NW 119th Terrace, Alachua, FL 32615
Newly constructed light manufacturing and laboratory facility in Alachua, Florida.
Property Size21,455 SF
Price / SF$976.78
Days on Market139
Property Features for 14209 NW 119th Terrace
General Information
Standard status
Active
Size
21,455 SF
Class
A
Property subtype
Industrial
Zoning
Industrial
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$1,466,973
Building Details
Year Built
2023
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Swift Creek Realty
(352) 278-2627
Listed By:
Amber Crawford · License #BK3111060
Source:
Crexi
Added: Mar 27
Changed: Aug 8
Last Checked: Aug 11 at 7:55AM
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
Investment Insights
Based on property information with market context.
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).
Key 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
141
Businesses Nearby
Explore this area
Business Placement
Demographics for 32615, FL
16,524
Population
6,908
Households
2.4
Avg Household Size
44
Median Age
40%
College-Educated
95%
High-School Grad
137.8 sq mi
ZIP Area
120
Density / Sq Mi
$79,983
Median Household Income
$49,772
Median Earnings
$1,131
Median Rent
$289,000
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
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 is the asking price?
The asking price for this property is $20,956,758.
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.
