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Tallahassee Wellplex 1321 Executive Center Dr 49,952 SF 100% Leased Office Building Tallahassee, FL 32301 $5,750,000 ($115.11/SF) 15.55% Cap Rate
Investment Highlights
- Full Building Generator
- Fully Renovated Inside, New Landscaping
- 8/12 New HVAC Units
Executive Summary
For Sale! Completely renovated in 2024/2025.
Current tenant in 11,922 RSF leased through 3/2031.
GSA Tenant leasing 35,617 RSF through 5/2026.
Whole Building Generator
Extensive Parking
Current tenant in 11,922 RSF leased through 3/2031.
GSA Tenant leasing 35,617 RSF through 5/2026.
Whole Building Generator
Extensive Parking
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
49,952 SF
Building Class
B
Year Built/Renovated
1972/2024
Price
$5,750,000
Price Per SF
$115.11
Cap Rate
15.55%
NOI
$894,348
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
24,976 SF
Building FAR
0.38
Lot Size
2.98 AC
Zoning
AC - Activity Center
Parking
180 Spaces (3.6 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Atrium
- Conferencing Facility
- Security System
- Signage
- Wheelchair Accessible
- Reception
- Outdoor Seating
- Air Conditioning
- Fiber Optic Internet
- Smoke Detector
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- GSA
- Administrative and Support Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
- -
- TNC Pain Management
- Health Care and Social Assistance
-
99,999 SF
-
$9.99
-
Lorem Ipsum
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| GSA | Administrative and Support Services | 99,999 SF | $9.99 | Lorem Ipsum | - | |
| TNC Pain Management | Health Care and Social Assistance | 99,999 SF | $9.99 | Lorem Ipsum | - |
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
Fully Renovated and move in ready condition with new carpet and fresh paint already in place.
Elevator-served floor with the potential for flexible layout.
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 3,000-10,000 SF | Office | Full Build-Out | 30 Days |
| 2nd Floor | 1,200-25,000 SF | Office | Full Build-Out | 30 Days |
1st Floor
| Size |
| 3,000-10,000 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| 30 Days |
2nd Floor
| Size |
| 1,200-25,000 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| 30 Days |
1st Floor
| Size | 3,000-10,000 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | 30 Days |
Fully Renovated and move in ready condition with new carpet and fresh paint already in place.
2nd Floor
| Size | 1,200-25,000 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | 30 Days |
Elevator-served floor with the potential for flexible layout.
Property Taxes
| Parcel Number | 31-04-40-00B-002.0 | Improvements Assessment | $1,607,302 (2025) |
| Land Assessment | $786,397 (2025) | Total Assessment | $2,393,699 (2025) |
Property Taxes
Parcel Number
31-04-40-00B-002.0
Land Assessment
$786,397 (2025)
Improvements Assessment
$1,607,302 (2025)
Total Assessment
$2,393,699 (2025)
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Tallahassee Wellplex | 1321 Executive Center Dr
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