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

View FullscreenMap

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

Contact

© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Tallahassee Board of REALTORS nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.