FULLY LEASED NE Tallahassee Office Investment

Office for Sale
Catylist Listing ID: 30745170
Property Subtypes: Office Building
Condo? Yes
Building Size (RSF): 6,570 SF
Gross Building Area: See Agent
Sale Price: $925,000
Property Use Type: Investment
Building Name: Delaney Center
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: 8.03%
Last Updated: 7/12/2021

Overview / Comments

8.03% CAP Rate. This space is FULLY LEASED to The Florida Birth-Related Neurological Injury Compensation Association (NICA). This is a solid investment deal with a 3 year term, annual rent escalations, and minimal Landlord responsibilities. 2252 Killearn Center Boulevard (Delaney Center) is a beautiful 3 Story Northeast Tallahassee office building located near the highly desirable Thomasville Road/I-10/Capital Circle area. The entire second floor condominium consists of 6,570 sq. ft. of office space, along with a 1,642 sq. ft. storage unit in the lower level of the building. The office space features a combination of executive offices, conference rooms, break rooms, lobby style bathrooms, elevator, and much more. Delaney Center is a first class office building with true commercial quality construction. See attached brochure for photos, floorplans, and more.
Features:
Standing Seam Metal Roof
Fire Sprinklers
Ample Parking
Covered Entrance
Custom Millwork and Tile in Lobby
Extensive Window Glass
Adaptable Floor Plan
Secure Facility with Controlled Key FOB Access.
Corner Lot Exposure
Fiber Optic Service Available

Additional Details

Nearest MSA: Tallahassee
County: Leon
Tax ID/APN: 110826 0001
Is Condo?: Yes

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,370 47,941 132,976
Median Age: 40.54 42.71 34.89
Households: 3,686 21,016 55,105

Contact

Photograph of Listing Agent

Jeff Billingsley

Craig Commercial Realty
TALrex.com Member
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