Retail•Strip Center•For Sale

Bradfordville Retail Investment

6800 Thomasville Road 103, Tallahassee , Florida 32312

Sale Price $1,950,000
Bldg Type Multi-Tenant
Stories 1
Cap Rate 7.75%
Vacancy 100%
Gross Bldg 9,257 SqFt
Land Area .22 Acres
Improvements These three condominiums are fully occupied and part of two associations. One for the common grounds and one for the buildings. All maintenance is handled through these associations which are fully funded at this time.
Net Op Inc $151,214.23
Portfolio of 3 condo units being sold as a retail investment package. Hurricanes has an extension in place for 5 additional years and USPS is set to execute their extension for an additional 5 years at the quoted rate on the rent roll. Burn Boot Camp still has a remaining 3 years. ae Located in Bradfordville across from the Publix and Target.
  • In-Place Cap Rate - 7.75%
  • Average Lease Term - 4 Years
  • Strong Tenant Mix - USPS, Hurricanes, Burn Boot Camp
  • Nearby Retail Include - Publix and Target Anchored Shopping Center
  • Profession Management - Two Associations Manage Both Common Grounds and Buildings for Hands-Off Investment
6/12/2019 6:31:02 PM 6/12/2019 6:31:02 PM

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