1713 Mahan Drive Office

Office for Sale
Catylist Listing ID: 30210603
Property Subtypes: Mixed Use, Office Building
Building Size (RSF): 17,376 SF
Gross Land Area: 1.34 SF
Sale Price: $1,150,000
Unit Price: $66.18 PSF
Property Use Type: Investment
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/8/2018

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 is currently 100% leased for a new 5 year term. The gross rental income is $135,000 annually in year 1 and increases each year at rate of 2% each year. 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

Contact

Photograph of Listing Agent

Carlton Dean, SIOR, CCIM

SVN | SouthLand Commercial TALrex.com Member
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