Southpark Investment Group LLC Purchases Infotech Building In Gainesville For $11 Million
2970 Southwest 50th Terrace
$11,000,000
$169/SF
Building Size
65,000 SF
Asset Type
Office
Closing
Oct 5, 2026
About this deal
AI
The office asset sold is located at 2970 Southwest 50th Terrace in Gainesville, FL. It encompasses 65,000 square feet and has a sale price of $11,000,000, translating to a price per square foot of $169. This marks the largest commercial sale in Alachua County since August 2020, involving a three-story office building.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $11,000,000
- Address: 2970 Southwest 50th Terrace, Gainesville, FL
- Square Footage: 65,000
- Price Per Square Foot: $169
- Buyer: Southpark Investment Group LLC
- Seller: McRock LLC
- Brokers: Dan Drotos & Lauren Vazquez - Lee & Associates
Dan Drotos and Lauren Vazquez of Lee & Associates represented both the buyer, Southpark Investment Group LLC, and the seller, McRock LLC, in this transaction. Additionally, the tenants, Infotech and McClave + Associates, will continue to occupy the building following the sale.
On the Map
$11,000,000
$169/SF
Office
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Players
West Mifflin Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.44%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93