John Knox Executive Office Investment Opportunity

Office for Sale
Catylist Listing ID: 30567856
Property Subtypes: Executive Suites, Office Building
Building Size (RSF): 9,082 SF
Gross Building Area: See Agent
Gross Land Area: 0.58 Acres
Sale Price: $1,350,000
Unit Price: $148.65 PSF
Property Use Type: Investment
Building Name: John Knox Executive Office
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/7/2021

Overview / Comments

Located directly on John Knox Road and across the street from Centre of Tallahassee and the 2,000 incoming State of Florida employees, this executive office is situated in between the growing Midtown Tallahassee submarket and US-27 commercial corridors connecting Interstate 10 and Downtown Tallahassee. The City of Tallahassee' Northwood Centre 30-acre re-development is less than 1/2 mile away which will include the future Tallahassee Police Department HQ. The executive office is a perfect investment of stable cash flows, divers tenant mix with historical occupancy above 90%. An owner/user could utilize office as an investment if it determine to occupy a portion of the space and keep existing leases intact.

Additional Details

Nearest MSA: Tallahassee
County: Leon
Tax ID/APN: 2124200710000
Zoning: PUD-11
Property Located Between: Meridian Road and US-27
Property Visibility: Excellent
Highway Access: I-10 less than 1 mile
Airports: 9.8 Miles - 20 min drive to TIA
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 4,500 SF
Year Built: 2001
Roof Type: Gable
Parking Ratio: 4 (per 1000 SF)
Parking Type: Surface
Total Parking Spaces: 38

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,088 100,968 177,782
Median Age: 34.74 30.73 31.66
Households: 4,685 42,965 74,275

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