75,000 sf Light Industrial For Sale - Commonwealth Business Park

Industrial for Sale
Catylist Listing ID: 30424934
Property Subtypes: Flex Space, Industrial-Business Park, Light Industrial, Warehouse/Distribution
Building Size (RSF): 75,000 SF
Gross Building Area: See Agent
Gross Land Area: 7.80 Acres
Sale Price: $4,325,000
Unit Price: $57.67 PSF
Docks/Doors: 2 Docks, 2 Doors
Drive In Bays: 2 Bays
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/20/2019

Overview / Comments

A rare, large industrial/flex facility for sale near I-10, this industrial flex facility has
the ability for a regional operations or headquarters with need for professional,
distribution, manufacturing and storage. The structure is in excellent condition
and additional land allows for expansion needs if necessary. Another 32 acres
adjacent of different ownership could also be assembled for larger operation (not included in this sale).

Additional Details

Nearest MSA: Tallahassee
County: Leon
Taxing Authority: City of Tallahassee
Tax ID/APN: 211931B0030 / 211931C0050
Zoning: M-1
Highway Access: Hartsfield Road, Commonwealth Blvd and Interstate-10 (1/2 mile)
Site Description: Located within the Commonwealth Business Park and less than 1 mile from US Interstate 10, the site consists of 6.14 acres of improved land with adjacent 1.66 acres vacant parcel for additional outside storage, parking or annex. The parcels are zoned M-1 in the City limits with onsite utilities and stormwater. An adjacent 32.7 acre parcel is also available from a different ownership group if a large site need is required (not included as part of this listing)
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 1995
Construction/Siding: Aluminum Siding, Block, Steel Frame
Exterior Description: The structure is a steel-frame with block/stucco split-face facade wrap. The roof is aluminum metal in excellent condition.
Parking Type: Surface
Parking Description: Onsite, Secured
Total Parking Spaces: 120
Sprinklers: None
Amps: 1,000
Volts: 480
X-Phase: 3-Phase
Interior Description: 45% professional office and 55% warehouse w/ ability to convert up to 85% warehouse
Zoning Description: M-1 (City)
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,390 71,011 129,007
Median Age: 24.47 26.31 28.37
Households: 3,220 28,449 51,243

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