Income Producing Investment Property
Shopping Center
for Sale
Catylist Listing ID: |
30329990 |
Property Subtypes: |
Mixed Use, Other
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Building Size (RSF): |
97,333 SF
|
Gross Building Area: |
See Agent |
Gross Land Area: |
13 Acres
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Sale Price: |
$10,050,000 |
Unit Price: |
$103.25 PSF |
Property Use Type: |
Investment |
Sale Terms: |
Undisclosed |
Cap Rate: |
7.78% |
Last Updated: |
1/26/2023 |
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.
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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 |
8/2023 |
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 |
8/2031 |
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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