exclusive office investment opportunity …1031 exchange opportunity 265 pinewood drive,...
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PROPERTY DETPROPERTY DETAILSAILS
SSALE PRICE:ALE PRICE: $351,500
INVESINVESTMENTTMENT:: 2 Fully Leased
Office Condos
BUILDING SIZE:BUILDING SIZE: 2,500 SF
BUILDING CLABUILDING CLASSS:S: B
YEAR BUILYEAR BUILTT:: 2001
PPARKING SPARKING SPAACES:CES: 10
PPARKING TYPE:ARKING TYPE: Surface at the Door
BUILDING TYPE:BUILDING TYPE: Office Condos
NONO. FL. FLOORS:OORS: 1
ZZONING:ONING: OR-3
APN #:APN #: 21242330170
21242330180
LEALEASE TERMS:SE TERMS: 5 Years Fixed
OPTIONS:OPTIONS:
NOI:NOI:CAP RACAP RATE:TE:LEALEASE SSE STTARTART::LEALEASE END:SE END:
One 5-Year Fixed at
5% Increase
$21,580
6.14%
July 1, 2017
June 30, 2022
101031 EX31 EXCHANGE PROPERTYCHANGE PROPERTY265 & 269 PINEWOOD DRIVE, TALLAHASSEE, FL 32303
EXCLUSIVE OFFICE INVESTMENT OPPORTUNITY
EXECUTIVE SUMMAREXECUTIVE SUMMARYY
BRENDBRENDA FRANCIS, CA FRANCIS, [email protected]
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.
1705 Metropolitan Blvd. | Tallahassee, FL 32308 | (P) 850.656.6555 (F) 850.656.6582
Commercial Real Estate
www.structureiq.net
SSTRUCTURETRUCTURE
101031 EX31 EXCHANGE OPPORTUNITYCHANGE OPPORTUNITY265 PINEWOOD DRIVE, TALLAHASSEE, FL 32303
EXCLUSIVE OFFICE INVESTMENT OPPORTUNITY
PROPERTY DESCRIPTIONPROPERTY DESCRIPTION
BRENDBRENDA FRANCIS, CA FRANCIS, [email protected]
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.
1705 Metropolitan Blvd. | Tallahassee, FL 32308 | (P) 850.656.6555 (F) 850.656.6582
Commercial Real Estate
www.structureiq.net
SSTRUCTURETRUCTURE
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.
BRENDBRENDA FRANCIS, CA FRANCIS, [email protected]
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.
1705 Metropolitan Blvd. | Tallahassee, FL 32308 | (P) 850.656.6555 (F) 850.656.6582
Commercial Real Estate
www.structureiq.net
SSTRUCTURETRUCTURE
101031 EX31 EXCHANGE OPPORTUNITYCHANGE OPPORTUNITY265 PINEWOOD DRIVE, TALLAHASSEE, FL 32303
EXCLUSIVE OFFICE INVESTMENT OPPORTUNITY
ADDITIONAL PHOADDITIONAL PHOTTOOSS
BRENDBRENDA FRANCIS, CA FRANCIS, [email protected]
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.
1705 Metropolitan Blvd. | Tallahassee, FL 32308 | (P) 850.656.6555 (F) 850.656.6582
Commercial Real Estate
www.structureiq.net
SSTRUCTURETRUCTURE
101031 EX31 EXCHANGE OPPORTUNITYCHANGE OPPORTUNITY265 PINEWOOD DRIVE, TALLAHASSEE, FL 32303
EXCLUSIVE OFFICE INVESTMENT OPPORTUNITY
LLOCAOCATION MAPSTION MAPS
BRENDBRENDA FRANCIS, CA FRANCIS, [email protected]
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.
1705 Metropolitan Blvd. | Tallahassee, FL 32308 | (P) 850.656.6555 (F) 850.656.6582
Commercial Real Estate
www.structureiq.net
SSTRUCTURETRUCTURE
* Demographic data derived from 2010 US Census
POPULAPOPULATIONTION 1 MILE1 MILE 3 MILES3 MILES 5 MILES5 MILESTOTAL POPULATION 7,380 74,093 173,004
MEDIAN AGE 33.2 30.7 29.8
MEDIAN AGE (MALE) 32.9 31.1 29.2
MEDIAN AGE (FEMALE) 34.0 30.4 30.3
HOUSEHOLDHOUSEHOLDS & INCS & INCOMEOME 1 MILE1 MILE 3 MILES3 MILES 5 MILES5 MILESTOTAL HOUSEHOLDS 3,512 30,094 72,569
# OF PERSONS PER HH 2.1 2.5 2.4
AVERAGE HH INCOME $69,782 $56,491 $50,863
AVERAGE HOUSE VALUE $262,559 $268,048 $230,734
101031 EX31 EXCHANGE OPPORTUNITYCHANGE OPPORTUNITY265 PINEWOOD DRIVE, TALLAHASSEE, FL 32303
EXCLUSIVE OFFICE INVESTMENT OPPORTUNITY
DEMOGRAPHICS MAPDEMOGRAPHICS MAP