Catylist ID: #30660706
325 John Knox Road - Building F
Office for Sale
|Catylist Listing ID:||30660706|
|Property Subtypes:||Office Building|
|Building Size (RSF):||43,481 SF|
|Gross Building Area:||See Agent|
|Unit Price:||$100.50 PSF|
|Property Use Type:||Investment|
|Class of Space:||Class B|
|Sale Terms:||Cash to Seller|
Overview / Comments
VALUE-ADD Office Investment. Currently undergoing construction for the new GSA Forestry Services 10-year lease. The building is approximately 48% occupied with over 22,500 SF of available upside vacancy. This building is perfectly positioned within the Woodcrest Office Park with frontage along John Knox.
GSA Forestry will begin paying $434,831/annually once construction is completed. There is a reset in years 6-10 to $297,801/annually. Forestry has occupied the space for over 20 years.
E&E has recently exercised their option to extend for an additional 5-years at $50,846 in year one. Their base rate will increase by $0.50 annually.
Asking rate for vacancy is currently $16.50 PSF. All leases are Full Service.
Estimated operating expenses for the property are $6.30 PSF.
Attachments & Media
|Proximity:||1 mile||3 miles||5 miles|
James NystromNAI TALCOR Commercial Real Estate Services, Inc. TALrex.com Member
|© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Tallahassee Board of REALTORS nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.|