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1425 Piedmont Dr E
Tallahassee, FL 32308 Capital Circle

$1,800,000

Office For Sale  •  15,886 Sq Ft

Property Details

  • Property Type Office
  • Total Building Size 15,886 Sq Ft
  • Lot Size 1.16 ac
  • Building Class B
  • Year Built 1993
  • Cap Rate 7.90 %
  • Tenancy Multiple
  • Zoning OR-3
26 Transit Score
29 Walk Score

Description

100% Occupied Office Investment Opportunity in prestigious professional office park. Building is in great condition and has been well maintained during the current owner occupant's tenancy with some floors renovated in 2018. Will provide stable cash flow with great unit sizes. All leases are Full Service.

Highlights

Desirable Location Along Thomasville Road in NE Tallahassee.
Current Owner/Occupant Will Sign New 5-Year Lease (39% GLA)
Average Term is 3.4 Years
In-Place Cap Rate 7.90%

Property Flyers

Financial Summary

Cap Rate: 7.90 %

Public Transportation

AirportDriveWalkDistance
Tallahassee Regional Airport 24 min - 14.1 mi

Parking Details

Parking Available: No
Reserved: No
Type: Covered
Included in Rent: Yes
John McNeill 850-224-2300 NAI TALCOR Commercial Real Estate Services, Inc.
John McNeill 850-224-2300 NAI TALCOR Commercial Real Estate Services, Inc.