1350 Mahan

Retail-Commercial for Sale
Catylist Listing ID: 30609107
Property Subtypes: Mixed Use
Building Size (RSF): 28,000 SF
Gross Building Area: See Agent
Sale Price: $4,000,000
Unit Price: $142.86 PSF
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Cash to Seller
Cap Rate: 7.0%
Last Updated: 9/14/2020

Overview / Comments

• Hot location with highway frontage in between Tallahassee Memorial Hospital and Governor Square Mall
• Seconds from downtown Tallahassee
•The center is a value add situation with the NOI making this offering a 7 cap with its existing figures
(includes out-parcel) if out-parcel was sold for market, the center would be nearly a 9 cap existing.
•Out-parcel available for excellent medical office opportunity near hospital or drive thru/retail site
•Out-parcel has storm water in place with utilities to the site - very little site work needed to be a true pad site
• Parking lot, signs, and buildings all newly renovated in 2019 year end.

Attachments & Media

Additional Details

Nearest MSA: Tallahassee
County: Leon
Tax ID/APN: 1131200010000

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,882 90,186 173,019
Median Age: 35.28 30.38 31.03
Households: 4,031 37,068 72,209


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