Investment Sale Offered at 7.2% cap rate

Office for Sale
Catylist Listing ID: 30622816
Property Subtypes: Office Building
Condo? Yes
Building Size (RSF): 2,448 SF
Sale Price: $390,000
Property Use Type: Investment
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/3/2020

Overview / Comments

1031 Exchange.
2 Office Condos w/separate Parcel ID's
Approximately 1224 sf each condo
Sold together "AS-IS"
Total of 10 offices and 1 kitchen, each condo has private bathroom and reception
Condo Dues are $3200/year for complete building...includes building insurance, ground maintenance, reserves for new roofs
Call Jim Brockett to show...Do Not Disturb Tenants
See Flyer for financial details

Attachments & Media

Current Tenants

Tenant Business Name Handex Consulting Remediation
SF of Space Occupied 1,770 SF
Current Rent $15 PSF (Annual)
Tenant Business Name Advancements in Therapy
SF of Space Occupied 680 SF
Current Rent $15 PSF (Annual)

Additional Details

Nearest MSA: Tallahassee
County: Leon
Taxing Authority: Leon
Tax ID/APN: 1127310000070
Is Condo?: Yes
Zoning: M-1
Property Located Between: Capital Circle NE & Weems Rd
Property Visibility: Good
Site Description: Condo of 2 separately metered units
Area Description: Just off Mahan & Capital Circle NE. Great shopping. Surrounded by many businesses, restaurants and shopping.
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 2000
Parking Description: surface parking

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,941 53,979 143,369
Median Age: 33.01 36.87 34.35
Households: 4,902 25,224 58,470


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