Listed by Marcus & Millichap, Marcus & Millichap - RPH Multifamily Group
$12,500,000
Marché at Midtown
Details
Property Type Mixed Use
Sub Type Apartments, Office, Retail
Square Footage 30,280
Net Rentable (SqFt) 30,280
Cap Rate 6.1%
NOI $762,573
Occupancy 100%
Price per SqFt $413
Broker Co-Op Yes
Class A
Year Built 2021
Buildings 2
Stories 5
Acreage 0.900
High Performing Mixed Use Property | Incredible Location
Marketing description
Discover MARCHÉ AT MIDTOWN, a prime mixed-use investment opportunity located at 1303-1309 THOMASVILLE RD, TALLAHASSEE, FL 32303. With a cap rate of 6.10% and a renovated building size of 30,280 SF, this property offers a compelling investment potential.
Strategically positioned in the heart of Midtown Tallahassee, this turnkey asset boasts a strong market fundamentals and high traffic count of 18,800 VPD. The property features two buildings, five floors, 50 parking spots, and attractive amenities including fitness studio, restaurants, and lifestyle appeal.
Benefiting from its proximity to major universities and employment centers, MARCHÉ AT MIDTOWN enjoys a steady influx of students, faculty, and professionals, ensuring long-term leasing stability. Its modernized design and diverse tenant mix make it a desirable destination for business and retail tenants alike.
Don't miss the opportunity to own a piece of this vibrant and dynamic neighborhood in Tallahassee!
Investment highlights
Marché at Midtown is centrally positioned in Midtown Tallahassee, a thriving young professional and commercial hub with strong walkability and high daytime activity.
Within a 5-minute drive of major regional anchors including Florida State University, Florida A&M University, and the Florida State Capitol, supporting consistent rental demand.
Fully modernized with new systems, including HVAC, contemporary finishes, and attractive lobby and common areas — reducing near-term capital expenditure risk for new owners.
On-site amenities include a fitness studio (F45), Push Pilates (Vino Beano), The Link Sausages and Beer, and the Marche Skylofts, creating lifestyle appeal and tenant stickiness.
Listing Contacts
Listed by Marcus & Millichap, Marcus & Millichap - RPH Multifamily Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$762,573.00
$63,547.75/mo
Valuation Metrics
0
DSCR
6.1%
Cap Rate
6.1%
ROI
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