Stabilized Office Investment for Sale!

Office for Sale
Catylist Listing ID: 30458695
Property Subtypes: Office Building
Building Size (RSF): 14,607 SF
Gross Building Area: See Agent
Gross Land Area: 0.16 Acres
Sale Price: $2,223,500
Unit Price: $152.22 PSF
Property Use Type: Investment, Vacant/Owner-User
Class of Space: Class B
Sale Terms: Undisclosed
Cap Rate: 7.5%
Last Updated: 1/6/2022

Overview / Comments

Outstanding Opportunity to occupy office space in Historic Downtown Tallahassee. The building has been recently remodeled with new exterior improvements, such as installing modern windows, fresh paint and new entrance and exit doors. The landlord has been offering generous concessions packages for tenant build outs so the building remains the most up-to-date and affordable office space in Downtown Tallahassee. Key features such as the multipurpose Press Room (also Conference room) and it’s close proximity to the Capitol, truly make this building unique. The property is in walking distance of the Leon County Courthouse, State Capitol Building and City Hall. The building is strategically located within in close proximity to various restaurants, hotels and numerous other commercial venues. At 336 College, we have the flexibility to offer a variety of different options for space. Sizes range from Executive Suites, where we lease out by the office, up to the 5,000sf, which is available on the second floor.

Located in Historic Downtown Tallahassee
Below Market Rents
New Ownership - Significant Capital Improvements Underway
Press/ Conference Room
On-Site Property Management

Additional Details

Nearest MSA: Tallahassee
County: Leon
Tax ID/APN: 2136250761310
Zoning: COMMERCIAL
Number of Stories: 3
Year Built: 1988

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,420 106,607 173,726
Median Age: 28.75 28.6 30.65
Households: 4,708 44,391 72,312

Contact

Photograph of Listing Agent

Justin A. Beck, CCIM, CPM

Beck Partners CRE, LLC TALrex.com Member
Photograph of Listing Agent

Stacy Taylor, CCIM

Beck Partners CRE Not a member of TALrex.com
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