Listed by Keller Williams Town & Country
$265,000
1614 Mahan Center Blvd Unit 103
Details
APN 1128050000040
Property Type Office
Sub Type Executive Office, Medical Office
Square Footage 1,225
Cap Rate 6.22%
NOI $16,475
Occupancy 100%
Tenancy Single
Lease Type Modified
Lease Term 3.8
Lease Expiration 03/01/2027
Remaining Term 0.7
Lease Options None
Price per SqFt $216
Broker Co-Op Yes
Class B
Year Built 2006
Stories 1
Zoning C-2
Investment Type Stabilized
Lease Commencement 05/01/2023
Occupancy Date 05/01/2023
Office Condo Investment Opportunity!
Marketing description
Prime office condo in one of northeast Tallahassee's most desirable professional parks available now for purchase. Currently leased to an established tenant until March 1, 2027. Ideal for medical, legal or professional services, the space offers a reception area, conference room, administrative workspace, four private offices, kitchen and one restroom along with ample parking for clients and staff. Seller has recently repositioned pricing for a timely sale. Two additional units in the same complex are also available for purchase.
Listing Contacts
Listed by Keller Williams Town & Country
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$16,475.00
$1,372.92/mo
Valuation Metrics
0
DSCR
6.22%
Cap Rate
6.22%
ROI
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