Office Complex

Office for Sale
Catylist Listing ID: 30413795
Property Subtypes: Business Park, Mixed Use, Office Building
Building Size (RSF): 29,575 SF
Gross Building Area: See Agent
Gross Land Area: 2.25 Acres
Sale Price: $2,795,000
Unit Price: $94.51 PSF
Property Use Type: Investment
Building Name: Park on Park Office Complex
Class of Space: Class B
Sale Terms: Undisclosed
Cap Rate: 7.24%
Last Updated: 6/30/2020

Overview / Comments

Offices in a unique park-like setting. Signature East Park location.
Strategically located 1 mile from downtown Tallahassee. Nearby amenities include restaurants, hotels, and shopping.

Rare opportunity to buy a totally renovated campus type office property in a high profile location. 29,575 square feet, 87 onsite parking spaces. Park on Park is presently 84% leased, with only 4,650 square feet available.
Rents are below market, tremendous value-add potential.

(2) Spaces Available For Lease:

Building H:
Lease Rate: $2860.00 per Month
-1st Floor: 2,450 SF; 2nd Floor: 825 SF
- Total: 3,275 SF

Suite E-100:
Lease Rate: $14.00/SF
- Total: 2,200 SF

** Please contact the listing Broker for more information.

Additional Details

Nearest MSA: Tallahassee
County: Leon
Tax ID/APN: 11-31-20-226-0000
Zoning: OR-1
Property Visibility: Excellent
Total Number of Buildings: 8
Number of Stories: 2
Typical SF / Floor: 3,000 SF
Parking Ratio: 0.8 (per 1000 SF)
Parking Type: Surface
Parking Description: Ample Parking: 87 Spaces
Total Parking Spaces: 87
Zoning Description: OR-1

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,618 100,881 177,960
Median Age: 33.14 29.51 30.79
Households: 4,277 41,413 74,096


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