Industrial Investment Opportunity

Industrial for Sale
Catylist Listing ID: 30502102
Property Subtypes: Flex Space, Free-Standing, Industrial-Business Park, Manufacturing, Mixed Use, Light Industrial, Research & Development, Warehouse/Distribution, Other
Building Size (RSF): 19,500 SF
Sale Price: $1,300,000
Unit Price: $66.67 PSF
Docks/Doors: 4 Doors
Property Use Type: Investment
Building Name: 3353 & 3357 Garber Dr.
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 7/22/2020

Overview / Comments

Two 9,750 SF distribution warehouses with quality tenants in place. Remaining terms vary from one to three years. 16' eave height, clear span floor area,
covered loading docks, fenced yard space in back. Popular location in the Commonwealth industrial area of Tallahassee. Easy access to I-10, Capital Circle and Tallahassee International Airport. The properties can be purchased separately for $650,000 each or together for $1,300,000.

Year Built: 2002
16' Eave Height
4 Grade Level Doors (Each Building)
Covered Loading Dock
Quality Tenants in Place
Cap Rate: 6.09%

Additional Details

Nearest MSA: Tallahassee
County: Leon
Tax ID/APN: 2120206750050
Property Located Between: Hartsfield Rd and W. Tharpe St.
Total Number of Buildings: 2
Number of Stories: 1
Eave Height: 16

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,270 65,676 129,627
Median Age: 24.69 26.08 28.68
Households: 1,824 27,725 51,426
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