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4357 Lafayette St 10,900 SF 100% Leased Office Building Marianna, FL 32446 $2,965,463 CAD ($272.06 CAD/SF) 7.26% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Medical Office Building
  • Nearby amenities include banking, movie theater, national and regional dining options, and Jackson County Visitors Center Public Park.
  • Located on a busy retail corridor: passed by 16,000 daily drivers.

EXECUTIVE SUMMARY

This is a freestanding 2-story medical building positioned in Marianna's primary retail corridor. The property is 100% leased to Dermatology Specialist Group, Department of Education of the State of Florida, and Gulf Coast Children's Advocacy Center. This property is in excellent condition.
Dermatology Specialists is a professional team of physicians, certified physician assistants (PA-Cs), and nurses (RNs) who are trained in the medical and surgical sub-specialty of dermatology.
The Department of Education serves as the single repository of education data from school districts, state and community colleges, universities, and independent postsecondary institutions - allowing us to track student performance over time and across varying education sectors.
Gulf Coast Children’s Advocacy Center has transformed the lives of victims of child abuse and sexual violence by offering a refuge for victims and their families to cope with the terrible crimes of child abuse and sexual assault while reducing the fear and further trauma that disclosure and investigation often creates.

PROPERTY FACTS

Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
10,900 SF
Building Class
B
Year Built
2013
Price
$2,965,463 CAD
Price Per SF
$272.06 CAD
Cap Rate
7.26%
NOI
$215,199 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
5,450 SF
Slab To Slab
12’
Building FAR
0.18
Lot Size
1.42 AC
Zoning
Commercial
Parking
25 Spaces (2.29 Spaces per 1,000 SF Leased)

AMENITIES

  • Air Conditioning

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • Aqua Medical Spa
  • -
  • 300 SF
  • -
  • -
  • Dermatology Specialists
  • -
  • 1,200 SF
  • -
  • -
  • Digestive Diseases
  • -
  • 1,200 SF
  • -
  • -
  • Gulf Coase Dermatology
  • -
  • 2,200 SF
  • -
  • -
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
Aqua Medical Spa - 300 SF - -
Dermatology Specialists - 1,200 SF - -
Digestive Diseases - 1,200 SF - -
Gulf Coase Dermatology - 2,200 SF - -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
04-4N-10-0343-0000-0103
Land Assessment
$81,434 CAD
Improvements Assessment
$1,093,268 CAD
Total Assessment
$1,174,702 CAD
  • Listing ID: 15899791

  • Date on Market: 2019-04-29

  • Last Updated:

  • Address: 4357 Lafayette St, Marianna, FL 32446

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