We’re pleased to announce a price reduction on a prime income-producing industrial asset located at 3033 NE 19th Drive in Gainesville, Florida. This fully leased, multi-tenant flex warehouse is now offered at $1,595,000. The property consists of 15 units totaling 18,125 square feet on just over one acre and is currently generating a net operating income of $153,775, reflecting a 9.64% cap rate. At only $88 per square foot, this offering is well below replacement cost and presents an exceptional value for investors.

The property was renovated in 2023 and is zoned I2 Heavy Industrial, allowing for a broad range of uses. Each unit features 12-foot bay doors, individually metered electrical systems, and shared water meters. With industrial vacancy at historic lows and tenant demand continuing to rise, this asset is ideally positioned to deliver consistent cash flow and long-term appreciation. Its strategic location near Highway 301 provides excellent accessibility and connectivity to major regional routes.

This price adjustment creates a compelling opportunity to acquire a stabilized, income-producing property in one of Florida’s strongest industrial submarkets. For additional information or to schedule a private tour, please contact Eric Ligman at 352.256.2112 or ericligman@bosshardtrealty.com.