For Auction
Asset Snapshot
Investment Highlights
Offering Summary
Brokered by Marcus & Millichap and powered by RealINSIGHT Marketplace, 1341 Cross Creek Circle in Tallahassee, Florida is a fully leased, 2,750-square-foot single-tenant office building on 0.23 acres with approximately 40 shared parking spaces. Current occupancy provides immediate in-place gross cash flow of over $21,000/year, with near-term lease rollover offering flexibility to renew, re-lease, or reposition the property. Built in 1986, the Property offers a manageable investment footprint and access from Cross Creek Circle just off Apalachee Parkway. The location benefits from connectivity near Apalachee Parkway and Capital Circle SE, which carry approximately 32,834 and 41,150 vehicles per day, respectively. Nearby demand drivers include Downtown Tallahassee, the Southwood State Office Complex, Walmart, Aldi, Target, Sam’s Club, IHOP, Fairfield Inn, Homewood Suites and Whataburger. Within five miles, the surrounding trade area includes approximately 144,439 residents, 73,530 employed civilians and an average household income of $82,097. With full occupancy, multiple income sources and convenient access to employment, retail, lodging and dining, the Property offers investors an opportunity to acquire a stabilized office asset in Florida’s capital city.
Due Diligence
Location
Tallahassee is Florida’s state capital and a major commercial hub in North Florida, serving as the center of government, education, healthcare, and retail for the surrounding region. The city benefits from a stable employment base anchored by the State of Florida, Florida State University, Florida A&M University, and Tallahassee Memorial HealthCare.
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Buyer pays a minimum platform fee of 5% or $25,000 at closing.
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Disclaimers
The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.
