1713 Mahan Drive Office
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Mixed Use, Office Building
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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.
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