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24610936
24610934

499 Capital Cir SW, Tallahassee, FL 32304

MF
FL FL SL3389232
SVN | SouthLand Commercial Tallahassee
FR
FL BK3318918
SVN | SouthLand Commercial Tallahassee
Listed by SVN | SouthLand Commercial Tallahassee
$3,800,000
8 days on market
Updated 8 days ago
Opportunity zone

VALUE ADD INDUSTRIAL - 499 CCSW

Details
APN 2129202170000
Property Type Industrial
Sub Type Distribution, Flex (+1)
Square Footage 45,000
Units 6
NOI $90,540
Occupancy 78%
Tenancy Multi
Lease Type NNN
Pro-Forma NOI $351,292
Price per SqFt $84
Year Built 2000
Buildings 1
Stories 1
Acreage 3.430
Zoning M-1 Light Industrial
Investment Type Value Add
Loading Docks 4
Dock High Doors 2
Ownership Fee Simple

VALUE ADD Industrial | 45,000 SqFt

Marketing description

Value Add Industrial Opportunity - Tallahassee, Florida - Florida's State Capitol. This is the first time this property has ever been offered for sale. This 45,000-square-foot multi-tenant industrial property features excellent visibility with full building and signage views from the six lane Capital Circle southwest (30,000 vehicle/day). The property features excellent accessibility via service road with full turning access on to Capital Circle. Interstate 10 interchange is 2 miles to the north, the Tallahassee International Airport is 6 miles south and Florida State University is 4.5 miles to the east. The buildings have at grade and dock high doors and 20' eave heights.

This 45,000 sf industrial property commands a prime position in Tallahassee’s logistics core. Two miles from Interstate 10, and fronting on Capital Circle Southwest allows easy access from the Interstate and convenient access to the city on the Capital Circle transportation artery.

Investment highlights

2 Miles south of Interstate 10

Fronting Capital Circle Southwest

Pre-Engineered Steel building

20' Eave Height with 14' Roll Up Doors

Listing Contacts

MF
FL FL SL3389232
SVN | SouthLand Commercial Tallahassee
FR
FL BK3318918
SVN | SouthLand Commercial Tallahassee
Listed by SVN | SouthLand Commercial Tallahassee

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$90,540.00
$7,545.00/mo

Valuation Metrics

0
DSCR
2.38%
Cap Rate
2.38%
ROI

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Additional Information

Name
Matt Fleck
License
FL SL3389232
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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