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Ashley Building 1321 Executive Center Dr 49,952 SF 100% Leased Office Building Tallahassee, FL 32301 $5,750,000 ($115.11/SF) 14.67% Cap Rate
INVESTMENT HIGHLIGHTS
- Full Building Generator
- Fully Renovated Inside, New Landscaping
- 8/12 New HVAC Units
EXECUTIVE SUMMARY
For Sale!
Fully Leased Property that was completely renovated in 2024/2025.
Current tenant in 11,922 RSF will sign new lease through 3/2031.
GSA Tenant leasing 35,617 RSF through 4/2027.
Whole Building Generator
Extensive Parking
Fully Leased Property that was completely renovated in 2024/2025.
Current tenant in 11,922 RSF will sign new lease through 3/2031.
GSA Tenant leasing 35,617 RSF through 4/2027.
Whole Building Generator
Extensive Parking
FINANCIAL SUMMARY (PRO FORMA - 2025) 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
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (PRO FORMA - 2025) 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 |
| 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
14.67%
NOI
$843,682
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
Ready now 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 | 1,200-10,000 SF | Office | Full Build-Out | Now |
| 2nd Floor | 1,200-25,000 SF | Office | Full Build-Out | Now |
1st Floor
| Size |
| 1,200-10,000 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Floor
| Size |
| 1,200-25,000 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Floor
| Size | 1,200-10,000 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Ready now 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 | Now |
Elevator-served floor with the potential for flexible layout.
PROPERTY TAXES
| Parcel Number | 31-04-40-00B-002.0 | Improvements Assessment | $1,607,302 |
| Land Assessment | $786,397 | Total Assessment | $2,393,699 |
PROPERTY TAXES
Parcel Number
31-04-40-00B-002.0
Land Assessment
$786,397
Improvements Assessment
$1,607,302
Total Assessment
$2,393,699
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Ashley Building | 1321 Executive Center Dr
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