1350 E Mahan Dr
Tallahassee, Fl, 32308

1350 E Mahan Dr
Price $4,000,000
Type Sale
Size 28,000
Est. Cap Rate 7%
Listed May 13, 2021
Status Listed
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portrait of Tracy Waters
Tracy Waters
4708 Capital Circle NW
Tallahassee, FL, 32303
850-205-5201 ext. 20

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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