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3197 Merchants Row Blvd
Tallahassee, FL 32311
Southwood Town Center - Tallahassee, FL · Retail Property For Sale
Investment Highlights
- The Asset: Southwood Town Center is a Multi-Tenant Retailer Center, Comprised of Two (2) Buildings With 32,590 SF of Leasable Space
- Net Leases: All the Tenants Have Net Leases and Are Responsible For Reimbursing Their Pro-Rata Share of All Operating Expenses
- Area Economic Drivers: The Economy of Tallahassee is Centered Around Government, Education, Healthcare, and Technology
- Scheduled Rent Increases: Five of the Leases Provide Scheduled Rent Increases Throughout the Primary Lease Term or at the Start of the Renewal Options
- Strong University Presence: Tallahassee is Home to Florida State University (FSU), Florida A&M University (FAMU), and Tallahassee State College
- Strong Demographics: Approximately 23,900 People Live Within 3-Miles of the Property With an Average HHI of $96,307
Property Facts
Property Type
Retail
Property Subtype
Building Size
32,590 SF
Building Class
B
Year Built
2005
Percent Leased
96%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.60
Lot Size
1.24 AC
Zoning
PUD - Planned Development
Parking
220 Spaces (6.75 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Dedicated Turn Lane
Property Taxes
| Parcel Number | 31-15-27-00E-001.0 | Improvements Assessment | $771,627 |
| Land Assessment | $242,788 | Total Assessment | $1,014,415 |
Property Taxes
Parcel Number
31-15-27-00E-001.0
Land Assessment
$242,788
Improvements Assessment
$771,627
Total Assessment
$1,014,415
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