1350 E Mahan Dr
Tallahassee, Fl, 32308
|Est. Cap Rate||7%|
|Listed||April 17, 2020|
• 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.