Crescent Park Investment

Office for Sale
Also listed as Industrial, Business Opportunity
Catylist Listing ID: 30475844
Property Subtypes: Business Park, Office Building
Building Size (RSF): 9,000 SF
Gross Building Area: See Agent
Gross Land Area: 1.60 Acres
Sale Price: $935,000
Unit Price: $103.89 PSF
Property Use Type: Vacant/Owner-User
Class of Space: Class B
Sale Terms: Sale/Leaseback
Cap Rate: Undisclosed
Last Updated: 6/29/2020

Overview / Comments

Sale-leaseback opportunity with an industry leading family-owned engineering company. The owner has been operating in this location for over 25 years. The adjacent vacant land parcel can also be purchased. This property is located just off Capital Circle NE in the Crescent Park area.

Owner will leaseback the property for a term of 10 years with the option to renew for another 5 years. Lease rate will be $8.75/sf. 8.42% CAP rate with little to no hands-on requirements from the investor.

Attachments & Media

Additional Details

Nearest MSA: Tallahassee
County: Leon
Tax ID/APN: 1133040000080
Total Number of Buildings: 1

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,728 52,347 138,365
Median Age: 32.45 35.85 33.05
Households: 4,904 24,338 56,940

Contact

Photograph of Listing Agent

Terry Ooten

TLG Real Estate Services PLLC
TALrex.com Member
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