Office•Office Building•For Sale

NE Tallahassee Fully Leased Investment Opportunity

1425 Piedmont Drive, Tallahassee, Florida 32308

Sale Price $1,800,000
Sale Type Investment
Zoning OR-3 Office Residential
Bldg Type Multi-Tenant
Class B
Year Built 1993
Year Renovated 2018
Stories 3
Vacancy 100%
Gross Bldg 20,912 SqFt
Land Area 1.16 Acres
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. Located along Thomasville Road in the Piedmont Drive office park. Just 2 minutes from I-10 and 5 minutes from Midtown.
  • In-Place Cap Rate 7.90%
  • Average Term is 3.4 Years
  • Full Service Lease Structure
  • Current Owner/Occupant Will Sign New 5-Year Lease (39% GLA)
  • Desirable Location Along Thomasville Road in NE Tallahassee.
8/6/2019 9:08:30 PM 8/12/2019 7:03:41 PM

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