exclusive office investment opportunity …1031 exchange opportunity 265 pinewood drive,...

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PROPERTY DET PROPERTY DETAILS AILS SALE PRICE: ALE PRICE: $351,500 INVES INVESTMENT TMENT: 2 Fully Leased Office Condos BUILDING SIZE: BUILDING SIZE: 2,500 SF BUILDING CLA BUILDING CLASS: S: B YEAR BUIL YEAR BUILT: 2001 PARKING SP ARKING SPACES: CES: 10 PARKING TYPE: ARKING TYPE: Surface at the Door BUILDING TYPE: BUILDING TYPE: Office Condos NO NO. FL . FLOORS: OORS: 1 ZONING: ONING: OR-3 APN #: APN #: 21242330170 21242330180 LEA LEASE TERMS: SE TERMS: 5 Years Fixed OPTIONS: OPTIONS: NOI: NOI: CAP RA CAP RATE: TE: LEA LEASE S SE START ART: LEA LEASE END: SE END: One 5-Year Fixed at 5% Increase $21,580 6.14% July 1, 2017 June 30, 2022 10 1031 EX 31 EXCHANGE PROPERTY CHANGE PROPERTY 265 & 269 PINEWOOD DRIVE, TALLAHASSEE, FL 32303 EXCLUSIVE OFFICE INVESTMENT OPPORTUNITY EXECUTIVE SUMMAR EXECUTIVE SUMMARY BREND BRENDA FRANCIS, C A FRANCIS, CCIM CIM Broker-Sales 850.510.4990 [email protected] The information contained herein is obtained from sources we deem reliable, however we do not guarantee its accuracy. All information should be independently verified prior to purchase or lease. 1705 Metropolitan Blvd. | Tallahassee, FL 32308 | (P) 850.656.6555 (F) 850.656.6582 Commercial Real Estate www.structureiq.net STRUCTURE TRUCTURE

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Page 1: EXCLUSIVE OFFICE INVESTMENT OPPORTUNITY …1031 EXCHANGE OPPORTUNITY 265 PINEWOOD DRIVE, TALLAHASSEE, FL 32303 EXCLUSIVE OFFICE INVESTMENT OPPORTUNITY PROPERTY DESCRIPTION BRENDA FRANCIS,

PROPERTY DETPROPERTY DETAILSAILS

SSALE PRICE:ALE PRICE: $351,500

INVESINVESTMENTTMENT:: 2 Fully Leased

Office Condos

BUILDING SIZE:BUILDING SIZE: 2,500 SF

BUILDING CLABUILDING CLASSS:S: B

YEAR BUILYEAR BUILTT:: 2001

PPARKING SPARKING SPAACES:CES: 10

PPARKING TYPE:ARKING TYPE: Surface at the Door

BUILDING TYPE:BUILDING TYPE: Office Condos

NONO. FL. FLOORS:OORS: 1

ZZONING:ONING: OR-3

APN #:APN #: 21242330170

21242330180

LEALEASE TERMS:SE TERMS: 5 Years Fixed

OPTIONS:OPTIONS:

NOI:NOI:CAP RACAP RATE:TE:LEALEASE SSE STTARTART::LEALEASE END:SE END:

One 5-Year Fixed at

5% Increase

$21,580

6.14%

July 1, 2017

June 30, 2022

101031 EX31 EXCHANGE PROPERTYCHANGE PROPERTY265 & 269 PINEWOOD DRIVE, TALLAHASSEE, FL 32303

EXCLUSIVE OFFICE INVESTMENT OPPORTUNITY

EXECUTIVE SUMMAREXECUTIVE SUMMARYY

BRENDBRENDA FRANCIS, CA FRANCIS, [email protected]

The information contained herein is obtained fromsources we deem reliable, however we do notguarantee its accuracy. All information should beindependently verified prior to purchase or lease.

1705 Metropolitan Blvd. | Tallahassee, FL 32308 | (P) 850.656.6555 (F) 850.656.6582

Commercial Real Estate

www.structureiq.net

SSTRUCTURETRUCTURE

Page 2: EXCLUSIVE OFFICE INVESTMENT OPPORTUNITY …1031 EXCHANGE OPPORTUNITY 265 PINEWOOD DRIVE, TALLAHASSEE, FL 32303 EXCLUSIVE OFFICE INVESTMENT OPPORTUNITY PROPERTY DESCRIPTION BRENDA FRANCIS,

101031 EX31 EXCHANGE OPPORTUNITYCHANGE OPPORTUNITY265 PINEWOOD DRIVE, TALLAHASSEE, FL 32303

EXCLUSIVE OFFICE INVESTMENT OPPORTUNITY

PROPERTY DESCRIPTIONPROPERTY DESCRIPTION

BRENDBRENDA FRANCIS, CA FRANCIS, [email protected]

The information contained herein is obtained fromsources we deem reliable, however we do notguarantee its accuracy. All information should beindependently verified prior to purchase or lease.

1705 Metropolitan Blvd. | Tallahassee, FL 32308 | (P) 850.656.6555 (F) 850.656.6582

Commercial Real Estate

www.structureiq.net

SSTRUCTURETRUCTURE

SSALE DESCRIPTIONALE DESCRIPTIONTwo adjoining office condos available with five year leasein place in Pinewood Office Park. Fixed Rate for Term; 5%Increase for one five-year option, fixed. Landlord paysproperty taxes, association fees, HVAC, plumbing &electrical maintenance.

PROPERTY HIGHLIGHTPROPERTY HIGHLIGHTSS

• Two adjoining office condos fully leased

• Pinewood Office Park

• Excellent location

• Convenient to all of Tallahassee

• Off Meridian and John Knox Roads

• Five year lease with one five year option

• Excellent property for a 1031 Exchange

• NOI $21,580

• Association Dues $350 per month

• Association responsible for roof, exterior, parking lot,common area

LLOCAOCATION DESCRIPTIONTION DESCRIPTIONExcellent office location, convenient to all of Tallahassee.Just off John Knox and Meridian Roads, less than one mileto The Centre of Tallahassee Mall, restaurants, residentialand retail; three miles to State Capitol.

SITE DESCRIPTIONSITE DESCRIPTIONPinewood Office Park has 3 buildings, two with 6 unitsand one with 10 units, placed in a U-shape around alandscaped common area.

AMENITIESAMENITIESExcellent location, popular & attractive office park, solidowner's association.

Page 3: EXCLUSIVE OFFICE INVESTMENT OPPORTUNITY …1031 EXCHANGE OPPORTUNITY 265 PINEWOOD DRIVE, TALLAHASSEE, FL 32303 EXCLUSIVE OFFICE INVESTMENT OPPORTUNITY PROPERTY DESCRIPTION BRENDA FRANCIS,

BRENDBRENDA FRANCIS, CA FRANCIS, [email protected]

The information contained herein is obtained fromsources we deem reliable, however we do notguarantee its accuracy. All information should beindependently verified prior to purchase or lease.

1705 Metropolitan Blvd. | Tallahassee, FL 32308 | (P) 850.656.6555 (F) 850.656.6582

Commercial Real Estate

www.structureiq.net

SSTRUCTURETRUCTURE

101031 EX31 EXCHANGE OPPORTUNITYCHANGE OPPORTUNITY265 PINEWOOD DRIVE, TALLAHASSEE, FL 32303

EXCLUSIVE OFFICE INVESTMENT OPPORTUNITY

ADDITIONAL PHOADDITIONAL PHOTTOOSS

Page 4: EXCLUSIVE OFFICE INVESTMENT OPPORTUNITY …1031 EXCHANGE OPPORTUNITY 265 PINEWOOD DRIVE, TALLAHASSEE, FL 32303 EXCLUSIVE OFFICE INVESTMENT OPPORTUNITY PROPERTY DESCRIPTION BRENDA FRANCIS,

BRENDBRENDA FRANCIS, CA FRANCIS, [email protected]

The information contained herein is obtained fromsources we deem reliable, however we do notguarantee its accuracy. All information should beindependently verified prior to purchase or lease.

1705 Metropolitan Blvd. | Tallahassee, FL 32308 | (P) 850.656.6555 (F) 850.656.6582

Commercial Real Estate

www.structureiq.net

SSTRUCTURETRUCTURE

101031 EX31 EXCHANGE OPPORTUNITYCHANGE OPPORTUNITY265 PINEWOOD DRIVE, TALLAHASSEE, FL 32303

EXCLUSIVE OFFICE INVESTMENT OPPORTUNITY

LLOCAOCATION MAPSTION MAPS

Page 5: EXCLUSIVE OFFICE INVESTMENT OPPORTUNITY …1031 EXCHANGE OPPORTUNITY 265 PINEWOOD DRIVE, TALLAHASSEE, FL 32303 EXCLUSIVE OFFICE INVESTMENT OPPORTUNITY PROPERTY DESCRIPTION BRENDA FRANCIS,

BRENDBRENDA FRANCIS, CA FRANCIS, [email protected]

The information contained herein is obtained fromsources we deem reliable, however we do notguarantee its accuracy. All information should beindependently verified prior to purchase or lease.

1705 Metropolitan Blvd. | Tallahassee, FL 32308 | (P) 850.656.6555 (F) 850.656.6582

Commercial Real Estate

www.structureiq.net

SSTRUCTURETRUCTURE

* Demographic data derived from 2010 US Census

POPULAPOPULATIONTION 1 MILE1 MILE 3 MILES3 MILES 5 MILES5 MILESTOTAL POPULATION 7,380 74,093 173,004

MEDIAN AGE 33.2 30.7 29.8

MEDIAN AGE (MALE) 32.9 31.1 29.2

MEDIAN AGE (FEMALE) 34.0 30.4 30.3

HOUSEHOLDHOUSEHOLDS & INCS & INCOMEOME 1 MILE1 MILE 3 MILES3 MILES 5 MILES5 MILESTOTAL HOUSEHOLDS 3,512 30,094 72,569

# OF PERSONS PER HH 2.1 2.5 2.4

AVERAGE HH INCOME $69,782 $56,491 $50,863

AVERAGE HOUSE VALUE $262,559 $268,048 $230,734

101031 EX31 EXCHANGE OPPORTUNITYCHANGE OPPORTUNITY265 PINEWOOD DRIVE, TALLAHASSEE, FL 32303

EXCLUSIVE OFFICE INVESTMENT OPPORTUNITY

DEMOGRAPHICS MAPDEMOGRAPHICS MAP