Office Investment Opportunity

Office for Sale
Catylist Listing ID: 30569797
Property Subtypes: Business Park, Office Building, Other
Building Size (RSF): 12,800 SF
Gross Building Area: See Agent
Sale Price: $1,200,000
Unit Price: $93.75 PSF
Property Use Type: Investment
Class of Space: Class B
Sale Terms: Other
Cap Rate: 9.09%
Last Updated: 6/29/2020

Overview / Comments

$1,200,000 | $93.75 PSF
100% Occupied
9.09% Cap Rate
3 Tenants; Law Firm, RJ Young, FL Commission on Ethics
Average Rental Rate = $16.66 PSF
This property is part of an office park association that is responsible for common area maintenance.

Additional Details

Nearest MSA: Tallahassee
County: Leon
Tax ID/APN: 2124206430000
Property Located Between: Meridian Rd and Monroe St on John Knox Rd.
Property Visibility: Excellent
Highway Access: Centrally Located 5 min to I-10 | 8 min to Downtown
Area Description: Beautiful Campus Environment Conveniently Near Restaurants, Shopping & Recreation
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1973

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,753 99,115 177,884
Median Age: 30.86 29.86 31.31
Households: 5,296 42,062 74,172
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