Tallahassee Warehouse Space

Industrial for Sale
Catylist Listing ID: 30204560
Property Subtypes: Flex Space, Free-Standing, Industrial-Business Park, Manufacturing, Mixed Use, Light Industrial, Warehouse/Distribution
Building Size (RSF): 40,000 SF
Gross Land Area: 1.32 Acres
Sale Price: $1,595,000
Unit Price: $39.88 PSF
Docks/Doors: 1 Dock, 6 Doors
Office SF: 500 SF
Drive In Bays: 5 Bays
Property Use Type: Investment, Vacant/Owner-User
Building Name: Capital Circle Warehouse
Usable Size (USF): 40,000 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/3/2018

Overview / Comments

Portfolio of two warehouse buildings. 431 Capital Circle SW & 411 Capital Circle SW. 431 Capital Circle SW is a 30,000 SF warehouse space located just off of Capital Circle South of Tennessee St. This building has one 10,000 SF Tenant paying $2500 per month, but can be relocated if needed. 411 Capital Circle SW is a 10,960 SF Vacant warehouse space set back off of Capital Circle. This building included 3 Roll doors, 2 of which are dock height and one drive in. 2 Cinderblock half walls are in place in the warehouse with office space in the front half of the building. The building is fully insulated with icynene insulation and currently vacant.

Additional Details

Nearest MSA: Tallahassee
County: Leon
Taxing Authority: Leon County
Tax ID/APN: 21-29-16-000-0060
Property Located Between: West Tennessee Street and Highway 20 on Capital Circle
Highway Access: From the property take Capital Circle NW to I-10
Airports: Tallahassee Airport
Site Description: The site is flat with a limited number of parking spaces. There is turn around room for large tractor trailers in the back of the property. 2 buildings.
Area Description: Light industrial area with good access to Interstate and Highway 90.
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Number of Stories: 1
Typical SF / Floor: 30,000 SF
Property Condition: Excellent
Year Built: 2005
Construction/Siding: Metal Siding
Parking Type: Surface
Parking Description: Parking along side of the front building and additional parking in front of the rear building.
Eave Height: 20
Column Spacing: Clear span
Overhead Cranes: Undisclosed
Sprinklers: None
X-Phase: 3 Phase
Air Conditioning: Package Unit
Lighting: Fluorescent
Internet Access: Cable
Interior Description: Clean and clear span with high ceilings. Ideal for many uses.
Zoning Description: M-1 Light industrial uses
Lot Frontage: yes
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: 427 & 431 CAPITAL CIRCLE SW LLC
Legal Description: SOUTHWEST INDUSTRIAL PARK 29 1N 1W 1.314 A LOT 6 (LESS RD R/W) OR 1482/549 2042/2334 2292/68 2295/576 2513/204 207 31 OR 2806/1552(UT W/ 212916---0001)

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,045 54,998 124,355
Median Age: 25.34 24.84 28.09
Households: 2,118 23,325 48,723


Photograph of Listing Agent

Brian S. Messer, CCIM

The Naumann Group Real Estate, Inc. TALrex.com Member
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