2200 Old St. Augustine Rd.
Office
for Sale
| Catylist Listing ID: |
30851438 |
| Property Subtypes: |
Office Building
|
| Building Size (RSF): |
7,368 SF
|
| Gross Building Area: |
See Agent |
| Gross Land Area: |
0.68 Acres
|
| Sale Price: |
$1,550,000 |
| Unit Price: |
$210.37 PSF |
| Property Use Type: |
Vacant/Owner-User |
| Building Name: |
OR-3 |
| Class of Space: |
Class B |
| Sale Terms: |
Undisclosed |
| Cap Rate: |
7.98% |
| Last Updated: |
9/4/2023 |
Overview / Comments
Renovated office building with 11 year radio station lease on 79% of the building; Florida State University occupies the remaining 21% of the building. Radio station is absolute Triple Net lease. FSU lease is modified gross (tenant pays utilities & janitorial).
Building was recently renovated with exterior & interior upgrades. Quality tenants, good building, great investment.
|
Financials
| Finance Data Year |
2023 |
| Real Estate Taxes - Annual($) |
$9,635 (Annual) |
| Gross Operating Income |
$145,418 (Annual) |
| Net Operating Income |
$123,696 (Annual) |
Additional Details
| Nearest MSA: |
Tallahassee |
| County: |
Leon |
| Tax ID/APN: |
31-04-20-637-0000 |
| Year Built: |
1985 |
| Year Renovated: |
2018 |
| Parking Type: |
Surface |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
11,731 |
57,115 |
140,572 |
| Median Age: |
32.45 |
30.77 |
30.84 |
| Households: |
6,029 |
24,638 |
58,420 |
|
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