NE Tallahassee Fully Leased Investment Opportunity

Office for Sale
Catylist Listing ID: 30469469
Property Subtypes: Office Building
Building Size (RSF): 20,912 SF
Gross Building Area: See Agent
Sale Price: $1,725,000
Unit Price: $82.49 PSF
Property Use Type: Investment
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/19/2020

Overview / Comments

Office Investment 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.

$1,725,000 | $82.49 PSF
Well Below Replacement Cost
Average Term is 3.4 Years
Below Market Rents | Avg. Rent $15.20 PSF
Full Service Lease Structure
Current Owner/Occupant on New 5-Year Lease (39% GLA)
Desirable Location Along Thomasville Road in NE Tallahassee.
Ample Private Parking

Additional Details

Nearest MSA: Tallahassee
County: Leon
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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