Income Producing Investment Property
Shopping Center
for Sale
| Catylist Listing ID: |
30329990 |
| Property Subtypes: |
Mixed Use, Other
|
| Building Size (RSF): |
97,333 SF
|
| Gross Building Area: |
See Agent |
| Gross Land Area: |
13 Acres
|
| Sale Price: |
$8,250,000 |
| Unit Price: |
$84.76 PSF |
| Property Use Type: |
Investment |
| Sale Terms: |
Undisclosed |
| Cap Rate: |
7.85% |
| Last Updated: |
3/18/2019 |
Overview / Comments
|
Excellent investment opportunity, this income producing property is 100% leased with national and regional long term tenants, including Bridgestone Tires, State of Florida, Premier Homes, and more. Over 97,300 SF combining professional office space with flex/industrial and warehouse space. Located on 13 +/- AC with ample parking and yard storage areas on Capital Circle NW next to Woodlane Industrial Park. Only minutes from US Hwy 27 with close proximity to multiple retail areas and I-10.
|
Current Tenants
| Tenant Business Name |
PERC |
| Is Renting? |
Yes |
| SF of Space Occupied |
11,560 SF |
| Lease Expiration |
6/2024 |
| Tenant Notes |
Paying for 11,560 of 14,203 usable SF |
| Tenant Business Name |
Roberts |
| Is Renting? |
Yes |
| SF of Space Occupied |
10,436 SF |
| Lease Expiration |
12/2020 |
| Tenant Business Name |
Sandco |
| Is Renting? |
Yes |
| SF of Space Occupied |
7,199 SF |
| Lease Expiration |
12/2028 |
| Tenant Notes |
3,015 SF is considered Common Space and is not billed space. |
| Tenant Business Name |
Sandco Warehouse |
| Is Renting? |
Yes |
| SF of Space Occupied |
25,238 SF |
| Lease Expiration |
12/2028 |
| Tenant Notes |
First Floor: 20,728 SF
Second Floor: 4,510 SF |
| Tenant Business Name |
Premier Homes |
| Is Renting? |
Yes |
| SF of Space Occupied |
12,589 SF |
| Lease Expiration |
12/2028 |
| Tenant Notes |
6,313 SF is considered Common Space and is not billed space. |
| Tenant Business Name |
Bridgestone/GCR |
| Is Renting? |
Yes |
| SF of Space Occupied |
27,668 SF |
| Lease Expiration |
8/2021 |
| Tenant Notes |
7,991 SF is considered Common Space and is not billed space. |
Additional Details
| Nearest MSA: |
Tallahassee |
| County: |
Leon |
| Tax ID/APN: |
21-06-51-000-0060 |
| Zoning: |
C2- GENERAL COMMERCIAL |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
3,617 |
22,156 |
75,178 |
| Median Age: |
36.89 |
32.88 |
31.77 |
| Households: |
1,389 |
8,888 |
31,601 |
|
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