Avi Stern And Eric Nathanson Acquire Office Property In Gainesville For $1.975M From Jo Lee Beaty
SOLD
$1,975,000
Florida
See Similar DealsOffice30,000 SF
Sold 12/31/2025
SOLD
Avi Stern And Eric Nathanson Acquire Office Property In Gainesville For $1.975M From Jo Lee Beaty
4424 Northwest 13th Street
See Similar DealsOffice30,000 SF
Sold 12/31/2025
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$65
Total Square Footage:30,000 SF
Transaction Type:Sale
The property asset involved in this transaction is an office located at 4424 Northwest 13th Street in Gainesville. The asset comprises 30,000 square feet and was sold for $1,975,000, translating to a price per square foot of $65.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $1,975,000
- Address: 4424 Northwest 13th Street
- Market: Gainesville
- Square Footage: 30,000
- Price per Square Foot: $65
- Buyer: Avi Stern & Eric Nathanson
- Seller: Jo Lee Beaty
Avi Stern and Eric Nathanson acted as the buyers in this transaction, while Jo Lee Beaty served as the seller. The deal showcases the engagement of these individuals in the office market of Gainesville.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$105,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,016.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,362.51
Annual Debt Service$112,350.09
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