Advantages Of Buying Properties Through AGI

📍 1000 NE 16th Ave, Gainesville, FL 32601

Unlock a high-performing, fully occupied investment property in the heart of one of Florida’s fastest-growing cities. This stabilized mixed-use commercial asset spans 81,066 sq.ft. and is situated on ±8.38 acres of land. With a 10.14% cap rate and $1,003,785 NOI, this property delivers strong, consistent returns backed by creditworthy long-term tenants.

Featuring 8 total units across 8 buildings, the asset includes medical offices, shopping centers, traditional office spaces, self-storage, and special-purpose facilities. The site benefits from MU-1 zoning, allowing maximum flexibility for future development or repositioning.

Anchored by a government lease with the Department of Children and Families—in place since 1989—this property is ideal for investors seeking stability and cash flow. Located close to schools and development zones, it also presents a covered land play opportunity, giving developers the ability to generate income while planning future site enhancements.

📌 Key Highlights:

• 81,066 sq.ft. rentable area
• 100% occupied across 8 stabilized units
• MU-1 zoning allows for diverse redevelopment
• Strong government tenant since 1989
• $1M+ annual NOI with 10.14% cap rate
• Built in 1983, well-maintained across 8 structures
• Located in a Qualified Opportunity Zone (QOZ)
• Florida Income Tax Advantage – no state income tax

Gainesville’s growth, strong academic and business environment, and high tenant retention make this a secure and strategic asset for investors seeking long-term yield with development upside.