5067 Tennessee Capital Blvd - Office FOR SALE


Tallahassee, FL 32303
$8,899,000 USD
407-450-9244
5067 Tennessee Capital Blvd, Tallahassee, FL for Sale
$8,899,000 USD
Office - FOR SALE
1/17
null | 4.51% Cap Rate

5067 Tennessee Capital Blvd
Tallahassee, FL 32303


HIGHLIGHTS

  • Florida State is a strong tenant with AAA investment rating.
  • Very low risk investment.
  • 8+ years remaining on the lease with 1.6% yearly rent increase.

OVERVIEW

Imagine securing a long-term lease with one of the strongest tenants in the country—Florida State! Florida State guarantees you unmatched stability and reliability with its prestigious AAA investment rating. This isn't just a lease; it’s a partnership with a financially robust institution known for its commitment to fiscal responsibility. Don’t miss this opportunity to invest in a partnership that promises security and growth—let Florida State be your trusted tenant! All required improvements for the tenant have been completed. The HVAC system was replaced in 2021, and the membrane roofing has been redone. New awnings, a loading dock lift, bathrooms, and flooring have also been installed. These upgrades ensure that the property effectively meets the tenant's needs.

FOR SALE DETAILS

PRICE

$8,899,000 USD

PRICE/SF

$256 USD /SF

CAP RATE

4.51%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Florida Department of Revenue building

PROPERTY TYPE

Office

ADD'L SUBTYPES

Industrial Live/Work Unit

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

140

LAND DETAILS

LAND ACRES

3.55 AC

LAND SF

154,638 SF

ZONING

AC

APN/PARCEL ID

21-30-60-00B-034.0

ASK ABOUT THIS PROPERTY

Marco RomeroYellow Rock Realty CorpMore Info
407-450-9244

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Marco RomeroYellow Rock Realty CorpMore Info
407-450-9244

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.