Overview
Axia Commercial Real Estate is pleased to present Copeland Park, offered at $7,880,000 which represents a 8% capitalization rate.
Coperland Park is a premier life sciences and industrial asset located at 13201 Rachael Blvd, Alachua, FL 32615, in the heart of Alachua’s thriving Progress District. Strategically situated near I-75 and within proximity to Progress Park and major research institutions, Copeland Park offers exceptional accessibility and appeal for biotech and industrial users.
The property is anchored by SynQuest Laboratories, a leading manufacturer of fluorinated chemicals, which recently renewed its lease—demonstrating strong, long-term tenancy and confidence in the location. This versatile and scalable facility features high warehouse ceilings, flexible lab and warehouse space, and developable land to support future expansion. Combining stable tenancy, high-quality construction, and strategic location, Copeland Park presents a compelling Value-Add opportunity for investors seeking long-term value in the growing life sciences and industrial sectors.
Investment Highlights
Anchor Lease Renewal
- SynQuest Laboratories, the anchor tenant, recently renewed its lease, reflecting long-term commitment and confidence in the property.
- The facility has supported SynQuest’s operations for nearly three decades, demonstrating tenant stability.
- Long-term occupancy reduces vacancy risk and provides consistent rental income for investors.
- Renewed lease terms underscore tenant satisfaction with the property’s infrastructure and functionality.
High Quality Tenants
- SynQuest Labs is a U.S.-based leader in specialty fluorinated chemicals with over 28 years in operation.
- The company is owned by Central Glass Corporation, a publicly traded global manufacturer with over $1.1 billion in revenue and deep R&D capabilities.
- SynQuest serves high-value industries including pharmaceuticals, electronics, and agrochemicals.
- The partnership between SynQuest and Central Glass reflects financial strength and technological innovation, contributing to tenant creditworthiness.
Location / Value Add Opportunity
- Offering Price is well below replacement cost.
- Excess land allows for development of up to 20,000 SF of additional space.
- Situated in the heart of Alachua’s Progress District, a hub for life sciences and innovation.
- Close proximity to I-75, the University of Florida, Progress Park, and major research institutions provides excellent connectivity and workforce access.
- The location supports biotech, research, and industrial growth with infrastructure and community support.
- Positioned in a growing regional market that attracts high-tech and life sciences tenants seeking strategic expansion opportunities.
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