New Construction Office Investment

Office for Sale
Catylist Listing ID: 30663591
Property Subtypes: Office Building
Building Size (RSF): 24,000 SF
Gross Building Area: See Agent
Sale Price: See Agent
Property Use Type: Investment
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/19/2021

Overview / Comments

NAI TALCOR is pleased to offer this newly constructed, multi-tenant office investment. 2510 Miccosukee Rd is well positioned just 1.4 miles from both Tallahassee Memorial Hospital and Capital Regional Medical Center. Both Hospitals service the surrounding counties. The building is 24,000 square feet and was constructed in 2017. The current owner-occupant, American Health Imaging, Inc, will execute a new 10-year lease at the closing. The building is also home to two new tenants; EXP Energy services, Inc and Encompass Health (formerly HealthSouth). EXP has executed a new 10-year lease and Encompass has executed a new 7-year lease. All three tenants have 3% annual escalations.

The property also offers upside through the 3,000 square feet of vacancy located on the second floor. The suite is currently in shell condition and the asking rate is $19 PSF with $5 PSF in additional rent charges.

New Construction
Long-Term New Leases
Located Nearby Both Regional Hospitals
5/1000 Parking Ratio
3% Annual Escalations
Upside Through Limited Vacancy

Attachments & Media

Additional Details

Nearest MSA: Tallahassee
County: Leon
Tax ID/APN: 1121206030000

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,035 63,529 157,935
Median Age: 38.95 37.05 33.21
Households: 5,983 29,464 65,648
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