Office

Magnolia Centre I

1203 Governors Square Blvd, Tallahassee, FL 32301

Listing Price: $3,500,000

Cap Rate
2.20%
Gross SF
56,388
Rentable SF
56,388
Price/Gross SF
$62.07
Lot Size
2.56 acres
Year Built
1987

Investment Overview

Magnolia Centre I is a rare six-story office building in the Southeast Tallahassee Submarket with significant value-add opportunity. Tallahassee has a path of growth on the East side of town, and significant shifts in the market have just paved the way for redevelopment along the Apalachee Pkwy corridor.

Tallahassee is a permanent office market in the state of Florida, with a stabilized local economy based on Government and Healthcare services. The Panhandle of Florida will see increased growth over the next few years as more people moving into the state explore tertiary metro areas.

Tallahassee is building a local technology sector as the university-educated locals start and grow companies locally. The office market is competitive, but the natural demand for space will not dissipate in the foreseeable future.

Investment Highlights

  • Strong Cashflow In Place
  • Rare Six-Story Office Property With View Of State Capitol
  • Significant Value-Add Opportunity
  • Amenity-Rich Neighborhood
  • Income Tax-Free State

Exclusively Listed By

Listing Price: $3,500,000

Cap Rate
2.20%
Gross SF
56,388
Rentable SF
56,388
Price/Gross SF
$62.07
Lot Size
2.56 acres
Year Built
1987

Investment Highlights

  • Strong Cashflow In Place
  • Rare Six-Story Office Property With View Of State Capitol
  • Significant Value-Add Opportunity
  • Amenity-Rich Neighborhood
  • Income Tax-Free State

Investment Overview

Magnolia Centre I is a rare six-story office building in the Southeast Tallahassee Submarket with significant value-add opportunity. Tallahassee has a path of growth on the East side of town, and significant shifts in the market have just paved the way for redevelopment along the Apalachee Pkwy corridor.

Tallahassee is a permanent office market in the state of Florida, with a stabilized local economy based on Government and Healthcare services. The Panhandle of Florida will see increased growth over the next few years as more people moving into the state explore tertiary metro areas.

Tallahassee is building a local technology sector as the university-educated locals start and grow companies locally. The office market is competitive, but the natural demand for space will not dissipate in the foreseeable future.

Exclusively Listed By

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