Catylist ID:
#30859668
Leased Office Condo Investment-NE Tallahassee Near Hospitals
Office
for Sale
| Catylist Listing ID: | 30859668 |
| Property Subtypes: | Office Building |
| Condo? | Yes |
| Building Size (RSF): | 1,260 SF |
| Gross Building Area: | See Agent |
| Sale Price: | $230,000 |
| Property Use Type: | Investment |
| Sale Terms: | Cash to Seller |
| Cap Rate: | 7.36% |
| Last Updated: | 11/26/2023 |
Overview / Comments
|
Leased Office Condo Investment Leased from 9/15/23 through 9/14/26 NOI: $16,925.78 (Year 1) CAP Rate: 7.36% (Year 1) 3% annual escalations See attached .pdf brochure for more information. Centre Pointe Professional Center is an office condo development located on one of Tallahassee’s most heavily traveled corridors. Positioned strategically between both regional Hospitals, the property offers an exceptional location and high visibility for the smaller office user. The Unit for sale consists of approximately 1,260 sq. ft. of office space. The space features a reception/waiting area, as well as 4 private offices, conference room, kitchenette, and a bathroom. The Centre Pointe Professional Center features a large common area parking lot with excellent ingress/egress to Capital Circle, Care Drive, and Centre Pointe Boulevard. The property is located close to restaurants, retailers, financial institutions, other professional and medical offices, as well as sought after residential neighborhoods. |
Attachments & Media
Additional Details
| Nearest MSA: | Tallahassee |
| County: | Leon |
| Tax ID/APN: | 112144 0001 |
| Is Condo?: | Yes |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 10,189 | 57,045 | 147,668 |
| Median Age: | 35.7 | 38.72 | 33.75 |
| Households: | 4,781 | 26,663 | 61,210 |
Contact
Jeff BillingsleyCraig Commercial RealtyTALrex.com Member |
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