NE Tallahassee Office Opportunity

Office for Sale
Sale Pending/Contingent
Catylist Listing ID: 30469469
Property Subtypes: Office Building
Status: Pending/Contingent
Building Size (RSF): 20,912 SF
Gross Building Area: See Agent
Sale Price: $1,600,000
Unit Price: $76.51 PSF
Property Use Type: Investment
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/15/2021

Overview / Comments

Office Investment or Owner Occupant Opportunity in prestigious professional office park within Tallahassee's most desirable locations. Building interior is in great condition and has been well maintained during the current owner occupant's tenancy with some floors renovated in 2018. Will provide stable cash flow with great unit sizes. All leases are Full Service.

• $1,600,000 | $76.51 PSF
• Well Below Replacement Cost
• Below Market Rents | Avg. Rent $14 PSF
• Full Service Lease Structure
• Current Owner/Occupant can stay or vacate (~8,000 SF)
• Desirable Location Along Thomasville Road in NE Tallahassee.
• Ample Private Parking

Additional Details

Nearest MSA: Tallahassee
County: Leon
Taxing Authority: Leon County
Tax ID/APN: 110825 A0090
Zoning: OR-3

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,562 57,216 151,697
Median Age: 41.4 39.64 33.28
Households: 3,676 25,543 63,475
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