1713 Mahan Drive Office
Office
for Sale
Sale Pending/Contingent
| Catylist Listing ID: |
30210603 |
| Property Subtypes: |
Mixed Use, Office Building
|
| Status: |
Pending/Contingent |
| Building Size (RSF): |
17,376 SF
|
| Gross Land Area: |
1.34 SF
|
| Sale Price: |
$1,095,000 |
| Unit Price: |
$63.02 PSF |
| Property Use Type: |
Investment |
| Class of Space: |
Class B |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
4/27/2022 |
Overview / Comments
Offered for Sale as an investment is this two-story office building containing approximately 17,376 square feet± of gross building area and 16,197 square feet± of net rentable area. The parcel is 1.324 acres with over 330 feet of excellent frontage on Mahan Drive in Tallahassee, FL. The site has over 79 parking spaces.
The building has recently been leased for a new 5-year term. The gross rental income is currently $137,700 annually in year 3 of the lease and increases each year at a rate of 2% each year. This is a very low, below-market rental rate. The building is designed for a single tenant or multi-tenant occupancy. The main floor is configured into one office suite that contains a total of approximately 9,532 square feet± of net rentable area. The ground floor is configured into three office suites and contains a total of approximately 6,665 square feet± of net rentable area. There is also an additional 1,175sf +/- of storage space.
|
Additional Details
| Nearest MSA: |
Tallahassee |
| County: |
Leon |
| Tax ID/APN: |
1129206090000 |
| Zoning: |
OR-2 |
| Property Visibility: |
Excellent |
| Parking Type: |
Surface |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
10,917 |
83,395 |
171,431 |
| Median Age: |
34.42 |
31.26 |
31.58 |
| Households: |
5,435 |
34,175 |
71,824 |
|
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