Onicx Sells Gainesville Office Property On 6500 W Newberry Road
6500 W Newberry Rd, Gainesville, FL 32605, USA
$18,200,000
$39/SF
Building Size
464,830 SF
Asset Type
Office
Closing
May 19, 2020
About this deal
AI
The office property located at 6500 W Newberry Road in Gainesville has been sold for a total price of $18,200,000. The property spans a total area of 46,483 square feet, resulting in a price per square foot of $391.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $18,200,000
- Square Footage: 46,483
- Price per Square Foot: $391
- Address: 6500 W Newberry Road, Gainesville
Dhvanit Patel and Arjun Choudhary of Onicx represented the seller in this transaction.
The office sale at 6500 W Newberry Rd, Gainesville, FL 32605, USA in Gainesville, Florida sold for $18.2M in 2020. The building is 464,830 square feet, implying about 39 per square foot on the published price. This page is the Gainesville, Florida file for the 6500 W Newberry Rd, Gainesville, FL 32605, USA office sold: pricing, party profiles, and other closed office comps from the same Gainesville sit in the Market section below. Filter that Gainesville office set by closing date to see what else sold near 6500 W Newberry Rd, Gainesville, FL 32605, USA around 2020. Published consideration for 6500 W Newberry Rd, Gainesville, FL 32605, USA is $18.2M, dated 2020. Cite this Onicx Sells Gainesville Office Property On 6500 W Newberry Road sale when underwriting similar office product around Gainesville, Florida.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.87%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93