3122 W Tennessee

Retail-Commercial for Sale
Catylist Listing ID: 30609101
Property Subtypes: Free-Standing Building, Vehicle Related
Building Size (RSF): 4,500 SF
Gross Building Area: See Agent
Sale Price: $1,675,000
Unit Price: $372.22 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 7.0%
Average Occupancy Rate: 100
Last Updated: 4/7/2021

Overview / Comments

6.12% Blended cap rate investment in a densely populated area, minutes from Tallahassee Community College and Florida State University
Local car dealership with over 4,500 SF of office space, parking, and a mechanical shop contrived for auto repair
and customization
Located in the heart of all the national car dealers in Tallahassee area
Current Regional tenant has 7 years left in their lease

Attachments & Media

Additional Details

Nearest MSA: Tallahassee
County: Leon
Tax ID/APN: 2129200760000
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 45,000 SF
Total Parking Spaces: 80
Parking Type: Surface

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,512 67,775 134,910
Median Age: 24.25 25.62 28.73
Households: 1,491 27,387 53,368

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