Catylist Listing ID: 30573191
Property Subtypes: Governmental, Institutional, Office Building
Contiguous Space: 2,682 - 5,627 SF
Total Available: 11,789 SF
Gross Building Area: 58,176 SF
Lease Rate: $17.95 PSF (Annual)
Base Monthly Rent: $4,011 - 8,417
Lease Types: Full Service
Building Name: Magnolia Center 1
Class of Space: Class B
Last Updated: 2/7/2024

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.

Expand All 3 Spaces Available

Suite: Unit 302 2,682 SF $17.95 PSF (Annual) Full Service
Suite: Unit 500 3,480 SF $17.95 PSF (Annual) Full Service
Suite: Unit 600 5,627 SF $17.95 PSF (Annual) Full Service

Additional Details

Nearest MSA: Tallahassee
County: Leon
Tax ID/APN: 113165 E0010
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)

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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


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