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2316 NE Capital Cir - Cube Smart 120,000 SF Specialty Building Offered at $21,600,000 at a 6.25% Cap Rate in Tallahassee, FL 32308
Investment Highlights
- Stabilized single tenant investment
- Surrounded by national retailers in Capital Hill Plaza
- Less than one mile from the Canopy Community
- 960 Climate controlled units
- Across from Publix & Lowe's
- Planned I-10 interchange
Executive Summary
Capital Hill Plaza presents a premier self-storage investment opportunity at 2320 Capital Circle NE in Tallahassee, Florida. The four-story, ±121,000 SF facility features 960 climate-controlled storage units and is fully managed by CubeSmart, one of the nation's leading self-storage operators. Strategically positioned within an established commercial center directly across from Publix and Lowe's, the property benefits from outstanding visibility, easy accessibility, and a rapidly growing surrounding population — anchored by the Canopy master-planned community and a forthcoming Interstate 10 interchange.
Property Facts
| Price | $21,600,000 | Building Class | B |
| Price Per SF | $180 | Lot Size | 0.71 AC |
| Sale Type | Investment NNN | Building Size | 120,000 SF |
| Cap Rate | 6.25% | No. Stories | 4 |
| Property Type | Specialty | Year Built | 2026 |
| Property Subtype | Self-Storage | ||
| Zoning | PD - Planned Development | ||
| Price | $21,600,000 |
| Price Per SF | $180 |
| Sale Type | Investment NNN |
| Cap Rate | 6.25% |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | B |
| Lot Size | 0.71 AC |
| Building Size | 120,000 SF |
| No. Stories | 4 |
| Year Built | 2026 |
| Zoning | PD - Planned Development |
Amenities
- Controlled Access
- Air Conditioning
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 11-16-50-000-007.0 | Improvements Assessment | $0 |
| Land Assessment | $1,001,088 | Total Assessment | $1,001,088 |
Property Taxes
Parcel Number
11-16-50-000-007.0
Land Assessment
$1,001,088
Improvements Assessment
$0
Total Assessment
$1,001,088
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