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.

Additional Details

Nearest MSA: Tallahassee
County: Leon
Tax ID/APN: 112144 0001
Is Condo?: Yes

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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


Photograph of Listing Agent

Jeff Billingsley

Craig Commercial Realty Member
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