Avi Stern And Eric Nathanson Acquire Office Property In Gainesville For $1.975M From Jo Lee Beaty
4424 Northwest 13th Street
$1,975,000
$65/SF
Building Size
30,000 SF
Asset Type
Office
Closing
Dec 30, 2025
AI
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.
Players
Gainesville 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
8.03%
Cash-on-Cash
-2.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93