Investment Office Building for Sale

Office for Sale
Catylist Listing ID: 30628818
Property Subtypes: Executive Suites, Office Building, Other
Building Size (RSF): 29,296 SF
Gross Building Area: See Agent
Gross Land Area: 0.51 Acres
Sale Price: $5,475,000
Unit Price: $186.89 PSF
Property Use Type: Investment
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/21/2020

Overview / Comments

OVERVIEW:

Premier office building fully occupied by a single tenant and located in the heart of Downtown Tallahassee. Comprising four stories of prime office space including reception area and solarium, outside employee area, covered and uncovered
parking, and more. Recent substantial upgrades include HVAC, electrical, carpeting and drywall as well as paved parking make this property stand out among it's downtown neighbors. 100% leased since 2010 by the prestigious law firm Ausley & McMullen P.A., (tenant), the second largest private law firm in Tallahassee, practicing locally since the 1930s. The tenants current 10 year lease term commenced January 2018, with two 5 year options.

HIGHLIGHTS:

• 768 parking spaces in city-owned garage adjacent to property
• 21 newly paved parking spaces on site
• Open Spaces within building maximizing natural light
• Newly constructed outdoor patio for employees
• Over 50 Class A office spaces
• Fully-leased by one tenant since 2010
• Recent upgrades include HVAC, drywall, carpet, electric, parking and more
• Elevator and staircases

LOCATION:

Located in the Historic District and Central Business District of Downtown Tallahassee. This property is one block from the Leon County Courthouse, and just two blocks from Florida's State Capitol.

Additional Details

Nearest MSA: Tallahassee
County: Leon
Tax ID/APN: 2136250751270

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,420 111,646 173,726
Median Age: 28.75 28.4 30.65
Households: 4,708 46,723 72,312

Contact

Photograph of Listing Agent

Ben Wilkinson

TLG Real Estate Services, PLLC
TALrex.com Member
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