Listed by Keller Williams Town & Country
$275,000
1618 Mahan Center Blvd Unit 106
Details
APN 1128060000010
Property Type Office
Sub Type Creative Office, Medical Office
Square Footage 1,225
Units 1
Cap Rate 6.46%
NOI $17,766
Occupancy 100%
Tenancy Single
Lease Type Modified
Lease Term 5
Lease Expiration 07/31/2028
Remaining Term 2.2
Rent Bumps Yes
Lease Options None
Price per SqFt $224
Broker Co-Op Yes
Class B
Year Built 2006
Stories 1
Zoning C-2
Investment Type Stabilized
Lease Commencement 08/01/2023
Occupancy Date 08/01/2023
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 a long term tenant until August 1, 2028. The space offers a reception area, large conference room, open workspace, one private executive office, wet bar 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, one is vacant and one is leased to an established tenant, providing immediate income potential.
Listing Contacts
Listed by Keller Williams Town & Country
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$17,766.00
$1,480.50/mo
Valuation Metrics
0
DSCR
6.46%
Cap Rate
6.46%
ROI
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