PROPERTY DET PROPERTY DETAILS AILS SALE PRICE: ALE PRICE: $351,500 INVES INVESTMENT TMENT: 2 Fully Leased Office Condos BUILDING SIZE: BUILDING SIZE: 2,500 SF BUILDING CLA BUILDING CLASS: S: B YEAR BUIL YEAR BUILT: 2001 PARKING SP ARKING SPACES: CES: 10 PARKING TYPE: ARKING TYPE: Surface at the Door BUILDING TYPE: BUILDING TYPE: Office Condos NO NO. FL . FLOORS: OORS: 1 ZONING: ONING: OR-3 APN #: APN #: 21242330170 21242330180 LEA LEASE TERMS: SE TERMS: 5 Years Fixed OPTIONS: OPTIONS: NOI: NOI: CAP RA CAP RATE: TE: LEA LEASE S SE START ART: LEA LEASE END: SE END: One 5-Year Fixed at 5% Increase $21,580 6.14% July 1, 2017 June 30, 2022 10 1031 EX 31 EXCHANGE PROPERTY CHANGE PROPERTY 265 & 269 PINEWOOD DRIVE, TALLAHASSEE, FL 32303 EXCLUSIVE OFFICE INVESTMENT OPPORTUNITY EXECUTIVE SUMMAR EXECUTIVE SUMMARY BREND BRENDA FRANCIS, C A FRANCIS, CCIM CIM Broker-Sales 850.510.4990 [email protected]The information contained herein is obtained from sources we deem reliable, however we do not guarantee its accuracy. All information should be independently verified prior to purchase or lease. 1705 Metropolitan Blvd. | Tallahassee, FL 32308 | (P) 850.656.6555 (F) 850.656.6582 Commercial Real Estate www.structureiq.net STRUCTURE TRUCTURE
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The information contained herein is obtained fromsources we deem reliable, however we do notguarantee its accuracy. All information should beindependently verified prior to purchase or lease.
The information contained herein is obtained fromsources we deem reliable, however we do notguarantee its accuracy. All information should beindependently verified prior to purchase or lease.
SSALE DESCRIPTIONALE DESCRIPTIONTwo adjoining office condos available with five year leasein place in Pinewood Office Park. Fixed Rate for Term; 5%Increase for one five-year option, fixed. Landlord paysproperty taxes, association fees, HVAC, plumbing &electrical maintenance.
PROPERTY HIGHLIGHTPROPERTY HIGHLIGHTSS
• Two adjoining office condos fully leased
• Pinewood Office Park
• Excellent location
• Convenient to all of Tallahassee
• Off Meridian and John Knox Roads
• Five year lease with one five year option
• Excellent property for a 1031 Exchange
• NOI $21,580
• Association Dues $350 per month
• Association responsible for roof, exterior, parking lot,common area
LLOCAOCATION DESCRIPTIONTION DESCRIPTIONExcellent office location, convenient to all of Tallahassee.Just off John Knox and Meridian Roads, less than one mileto The Centre of Tallahassee Mall, restaurants, residentialand retail; three miles to State Capitol.
SITE DESCRIPTIONSITE DESCRIPTIONPinewood Office Park has 3 buildings, two with 6 unitsand one with 10 units, placed in a U-shape around alandscaped common area.
AMENITIESAMENITIESExcellent location, popular & attractive office park, solidowner's association.
The information contained herein is obtained fromsources we deem reliable, however we do notguarantee its accuracy. All information should beindependently verified prior to purchase or lease.
The information contained herein is obtained fromsources we deem reliable, however we do notguarantee its accuracy. All information should beindependently verified prior to purchase or lease.
The information contained herein is obtained fromsources we deem reliable, however we do notguarantee its accuracy. All information should beindependently verified prior to purchase or lease.