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Value Add Industrial - Tallahassee, FL 499 Capital Cir SW 45,000 SF 100% Leased Industrial Building Tallahassee, FL 32304 $5,210,408 CAD ($115.79 CAD/SF) 2.38% Cap Rate

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Investment Highlights

  • 2 Miles south of Interstate 10
  • Pre-Engineered Steel building
  • Fronting Capital Circle Southwest
  • 20' Eave Height with 14' Roll Up Doors

Executive Summary

Value Add Industrial Opportunity - Tallahassee, Florida - Florida's State Capitol. This is the first time this property has ever been offered for sale. This 45,000-square-foot multi-tenant industrial property features excellent visibility with full building and signage views from the six lane Capital Circle southwest (30,000 vehicle/day). The property features excellent accessibility via service road with full turning access on to Capital Circle. Interstate 10 interchange is 2 miles to the north, the Tallahassee International Airport is 6 miles south and Florida State University is 4.5 miles to the east. The buildings have at grade and dock high doors and 20' eave heights.
This 45,000 sf industrial property commands a prime position in Tallahassee’s logistics core. Two miles from Interstate 10, and fronting on Capital Circle Southwest allows easy access from the Interstate and convenient access to the city on the Capital Circle transportation artery.

Attachments

499 CCSW - OM

Financial Summary (Actual - 2024) Click Here to Access

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2024) Click Here to Access

Gross Rental Income (CAD)
Annual $99,999
Annual Per SF $9.99
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $99,999
Annual Per SF $9.99
Taxes (CAD)
Annual $99,999
Annual Per SF $9.99
Operating Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Total Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Net Operating Income (CAD)
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $5,210,408 CAD
Price Per SF $115.79 CAD
Sale Type Investment or Owner User
Cap Rate 2.38%
Sale Condition High Vacancy Property
Property Type Industrial
Property Subtype
Warehouse
  • Industrial Distribution
  • Industrial Manufacturing
  • Industrial Service
Building Class B
Lot Size 3.90 AC
Rentable Building Area 45,000 SF
No. Stories 1
Year Built 2000
Parking Ratio 0.8/1,000 SF
No. Dock-High Doors/Loading 2
No. Drive In / Grade-Level Doors 8
Opportunity Zone Yes
Zoning M-1 - Light Industrial

Major Tenants Click Here to Access

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • RV Mobile Services
  • Services
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • -
Tenant Industry SF Occupied Rent/SF Lease Type Lease End
RV Mobile Services Services 99,999 SF $9.99 Lorem Ipsum -

Property Taxes

Property Taxes

Parcel Number
21-29-20-217-000.0
Land Assessment
$236,495 CAD (2025)
Improvements Assessment
$1,964,080 CAD (2025)
Total Assessment
$2,200,575 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
  • Listing ID: 36647700

  • Date on Market: 2025-07-08

  • Last Updated:

  • Address: 499 Capital Cir SW, Tallahassee, FL 32304

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