Catylist ID:
#30469469
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 |
Attachments & Media
Additional Details
| Nearest MSA: | Tallahassee |
| County: | Leon |
| Tax ID/APN: | 110825 A0090 |
| Zoning: | OR-3 |
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 |
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. |
