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26385499
26385498

4708 Capital Cir NW, Tallahassee, FL 32303

AJ
FL Sl3405473
CBRE - Orlando
AD
NY NY #10401333620, NY 10401333620
CBRE - Orlando
Listed by CBRE - Orlando
$11,000,000
296 days on market
Updated 20 days ago

Premier Fine Homes Campus | Master-Leased Sale-leaseback

Details
Property Type Industrial, Office
Sub Type Creative Office, Warehouse
Square Footage 98,665
Net Rentable (SqFt) 98,665
Cap Rate 7.5%
NOI $825,000
Occupancy 100%
Lease Type Absolute NNN
Lease Term 15
Remaining Term 15
Rent Bumps Yes
Lease Options Two (2), Five-Year Renewal Options
Year Built 1980
Year Renovated 2007
Acreage 13.450
Zoning Industrial
Investment Type Sale/Leaseback
Tenant Credit No Credit Rating
Ownership Fee Simple
Sale Condition Sale for leaseback

Master-Leased Sale-leaseback | Tallahassee FL | Income Tax Free State

Marketing description

CBRE is pleased to present the master-leased sale-leaseback of the Industrial Corporate Headquarters Facility with an Outside Storage yard on behalf of Premier Fine Homes executive team. Serving the Florida panhandle for over 30-years with quality service and craftsmanship, Premier Fine Homes is committed to delivering high-performance homes that represent a long-term investment for homeowners. Dedication to excellence has earned Premier Fine Homes significant recognition, including 5 coveted awards at the 2024 Parade of Homes, showcasing their unique craftsmanship and attention to detail across homes in Canopy, Fletch Oaks, Fallschase and Landon Hills neighborhoods.

Situated on 13.45 acres, the Premier Fine Homes Campus serves as a manufacturing, storage and office facility for the home-building organization along with it’s sub-contracting units. The proposed base rent year one shall be $825,000. The lease shall feature eight-percent (8%) escalations each five-year period throughout the lifespan of the lease.

Investment highlights

  • 13.45 Acre Master-leased campus with Office and Industrial properties positioned on site.

  • Premier Fine Homes Shall Master-Guarantee the Subject Property Across the Initial 15-Year Lease Lifespan.

  • Multi-Tenant Property carries a strong diversity of tenants and occupants, all managed and controlled by Premier Fine Homes Team.

Listing Contacts

AJ
FL Sl3405473
CBRE - Orlando
AD
NY NY #10401333620, NY 10401333620
CBRE - Orlando
Listed by CBRE - Orlando

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$825,000.00
$68,750.00/mo

Valuation Metrics

0
DSCR
7.5%
Cap Rate
7.5%
ROI

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Additional Information

Name
Andrew Jaworski
License
Sl3405473
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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