Magnolia Center
Office
for Lease
| Catylist Listing ID: |
30573191 |
| Property Subtypes: |
Governmental, Institutional, Office Building
|
| Contiguous Space: |
2,500 - 7,682 SF |
| Total Available: |
17,149 SF |
| Gross Building Area: |
58,176 SF |
| Lease Rate: |
$17.95 PSF (Annual)
|
| Base Monthly Rent: |
$11,490 |
| Lease Types: |
Full Service |
| Building Name: |
Magnolia Center 1 |
| Class of Space: |
Class B |
| Last Updated: |
9/13/2023 |
Overview / Comments
NEW Ownership with $1mm in capital upgrades underway including energy efficient exterior film, new restrooms and lobby and modern interior and exterior signage.
With each floor consisting of 9,700 sq. ft. floor plates, the office layouts provide for 1/4, 1/2 to full floor users the ability to have either an open floor plan or hard office intensive setup, as needed. The building offers very competitive lease terms favorable to market and being close to the State of Florida government agencies, including Lottery HQ and FL-DOT HQ. This site provides tenants a downtown Tallahassee location at a percentage of the typical price.
|
| Space Available: |
7,682 SF |
| Minimum Divisible: |
2,500 SF |
| Lease Rate: |
$17.95 PSF (Annual)
$11,490 (Monthly)
|
| Lease Type: |
Full Service |
| Date Available: |
10/1/2020 |
| Space Type: |
New |
| Level/Floor: |
5 |
| Space Available: |
3,840 SF |
| Lease Rate: |
$17.95 PSF (Annual)
$5,744 (Monthly)
|
| Lease Type: |
Full Service |
| Date Available: |
7/29/2021 |
| Space Type: |
New |
| Space Available: |
5,627 SF |
| Lease Rate: |
$17.95 PSF (Annual)
$8,417 (Monthly)
|
| Lease Type: |
Full Service |
| Date Available: |
10/1/2020 |
| Space Type: |
New |
Additional Details
| Nearest MSA: |
Tallahassee |
| County: |
Leon |
| Tax ID/APN: |
113165 E0010 |
| Zoning: |
ACTIVITY CENTER |
| Property Visibility: |
Good |
| Highway Access: |
13 minute drive to Interstate 10 and 3 minute drive to downtown |
| Airports: |
15 Minute drive to Tallahassee International Airport |
| Site Description: |
Magnolia Centre I is located in the the office sub-market directly to the east of Downtown Tallahassee, which experienced significant retail and commercial growth over the last 36 months. With access from the Apalachee Parkway, Park Avenue, and Magnolia Drive main travel corridors, this office asset is centralized for professional services firms, government tenants/contractors, engineering firms, technology firms, etc. Florida Dept. of Lottery Headquarters is adjacent as well as a new hotel. |
| Total Number of Buildings: |
1 |
| Number of Stories: |
6 |
| Typical SF / Floor: |
9,667 SF |
| Year Built: |
1987 |
| Year Renovated: |
2021 |
| Parking Ratio: |
3 (per 1000 SF) |
| Parking Type: |
Surface |
| Total Parking Spaces: |
210 |
| Passenger Elevators: |
2 |
| Zoning Description: |
AC (Activity Center) |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
8,118 |
97,419 |
171,529 |
| Median Age: |
34.42 |
29.85 |
30.57 |
| Households: |
4,402 |
40,122 |
71,617 |
|
© Copyright 2001-2023 Moody's. All Rights Reserved.
The information presented herein is provided as is, without warranty of any kind.
Neither Tallahassee Board of REALTORS nor
Moody's assume any liability for errors or omissions.
|
