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Florida Department of Revenue building 5067 Tennessee Capital Blvd 34,809 SF Office Building Tallahassee, FL 32303 $6,795,000 ($195.21/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- Florida State is a strong tenant with AAA investment rating.
- 8 years remaining on the lease with 1.6% yearly rent increase.
- Very low risk investment.
EXECUTIVE SUMMARY
Imagine securing a long-term lease with one of the strongest tenants in the country—the State of Florida! The state of Florida guarantees you unmatched stability and reliability with its prestigious AAA investment rating. This isn't just a lease; it’s a partnership with a financially robust institution known for its commitment to fiscal responsibility. Don’t miss this opportunity to invest in a partnership that promises security and growth—let Florida State be your trusted tenant!
All required improvements for the tenant have been completed. The HVAC system was replaced in 2021, and the membrane roofing has been redone. New awnings, a loading dock lift, bathrooms, and flooring have also been installed. These upgrades ensure that the property effectively meets the tenant's needs.
All required improvements for the tenant have been completed. The HVAC system was replaced in 2021, and the membrane roofing has been redone. New awnings, a loading dock lift, bathrooms, and flooring have also been installed. These upgrades ensure that the property effectively meets the tenant's needs.
FINANCIAL SUMMARY (ACTUAL - 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
|
| 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 - 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 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
34,809 SF
Building Class
B
Year Built
2005
Price
$6,795,000
Price Per SF
$195.21
Cap Rate
6%
NOI
$407,700
Tenancy
Single
Building Height
1 Story
Typical Floor Size
34,809 SF
Building FAR
0.23
Lot Size
3.55 AC
Zoning
AC - High-intensity urban activity center.
Parking
140 Spaces (4.02 Spaces per 1,000 SF Leased)
AMENITIES
- Controlled Access
- Fenced Lot
- Security System
- Kitchen
- Reception
- Outdoor Seating
- Air Conditioning
- Smoke Detector
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Florida State
- Public Administration
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Florida State | Public Administration | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
PROPERTY TAXES
| Parcel Number | 21-30-60-00B-034.0 | Total Assessment | $3,145,326 (2024) |
| Land Assessment | $447,449 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $2,697,877 (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
21-30-60-00B-034.0
Land Assessment
$447,449 (2024)
Improvements Assessment
$2,697,877 (2024)
Total Assessment
$3,145,326 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Florida Department of Revenue building | 5067 Tennessee Capital Blvd
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