1350 E Mahan Dr
Tallahassee, Fl, 32308
| Price | $4,000,000 |
| Type | Sale |
| Size | 28,000 |
| Est. Cap Rate | 7% |
| Listed | May 13, 2021 |
| Status | Listed |
Details
Interested? Call Me!
Tracy Waters
4708 Capital Circle NWTallahassee, FL, 32303
| 850-205-5201 ext. 20 | |
| 850-545-2282 | |
| twaters@teampcg.com |
Lic. BK658092
• Hot location with highway frontage in between Tallahassee Memorial Hospital and Governor Square Mall
• Seconds from downtown Tallahassee
•The center is a value add situation with the estimated NOI making this offering a near 7 cap with its existing figures (includes out-parcel) if out-parcel was sold for market, the center would be nearly a 9 cap existing.
•Out-parcel available for excellent medical office opportunity near hospital or drive thru/retail site
•Out-parcel has storm water in place with utilities to the site - very little site work needed to be a true pad site
• Parking lot, signs, and buildings all newly renovated in 2019 year end.
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