1415 Timberlane Rd - Freestanding FOR SALE
Tallahassee, FL 32312 |
$31,800,000 USD
858-373-3184
1415 Timberlane Rd
Tallahassee, FL 32312
HIGHLIGHTS
- REI Anchored Shopping Center with Synergistic Mix of Regional and National Tenants.
- The Center is Conveniently Located in the Frequented “Market Street District” of Tallahassee Which Boasts a Premiere Regional Presence.
- Market Square will be the Prime Location for Retail, Dining and Entertainment.
- Existing Center Underwent complete Re-development Plus New Building Construction for REI & Connors Each occupied tenant during re-development.
- Densely Populated Affluent Area: Average Household Income of $100k+ w/in a 3-Mile Radius and over 123k People Residing w/in a 5-Mile Radius.
- This Center is in the Strongest Demographic Area of the Tallahassee Market With Excellent Ease of Access and Visibility.
OVERVIEW
NNN Leases | Newly Renovated | Within the High-Traffic Market Street District of Tallahassee | Strong Demographics - Densely Populated & Affluent Area | Near Florida State University
Florida Broker of Record: Ryan Nee | License: # BK3154667 | Marcus & Millichap Real Estate Investment Services of Florida, Inc.
FOR SALE DETAILS
PRICE
$31,800,000 USD
PRICE/SF
$1,445 USD /SF
CAP RATE
8%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
MARKET SQUARE RETAIL CENTER | NNN LEASES
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Restaurant, Storefront, Department Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2022
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
10.48 AC
LAND SF
456,509 SF
ZONING
AC
APN/PARCEL ID
11-08-51-004-040.0,11-08-51-004-040.1
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858-373-3184
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858-373-3184
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