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: 11/11/2018

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.

Attachments & Media

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

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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

Contact

Photograph of Listing Agent

Ben Wilkinson

TLG Real Estate Services, PLLC
TALrex.com Member
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