Class A Industrial/Flex
5431 SW 35th Drive Gainesville, FL 32608
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 Market146
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
Changed: Jul 6
Last Checked: Jul 27 at 5:20AM
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.
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 authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
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.
