1591 Summit Lake Dr - Office FOR SALE


Tallahassee, FL 32317- Buck Lake
$2,950,000 USD
850-294-7170
1591 Summit Lake Dr, Tallahassee, FL for Sale
$2,950,000 USD
Office - FOR SALE
1/5
null | Request Cap Rate

1591 Summit Lake Dr
Tallahassee, FL 32317
Buck Lake


HIGHLIGHTS

  • Ownership would prefer to lease back the second floor, terms negotiable.
  • Prestigious two-story office building features high ceilings, custom moldings and high-grade finishes.
  • Has finished 2,227 SF attic area (included in gross SF).
  • Potential Corporate Headquarters or Regional Office
  • Summit East is a technology and amenity driven SMART campus style office park.
  • Offers amenities such as an onsite hotel, daycare, as well as green space, a nature trail, and a beautiful lake.

OVERVIEW

Oakview Building at Summit East presents an exceptional opportunity to acquire a prestigious Class A office property in one of Tallahassee’s premier professional business parks. Offered at $2,950,000, the two-story, 18,624-square-foot building is situated on 1.23 acres and features an impressive professional design with high ceilings, custom millwork, quality finishes and a flexible floor plan capable of accommodating a variety of office users. Built in 2007, the property provides approximately 9,312 square feet per floor, along with a finished 2,227-square-foot attic area included within the building’s gross square footage. The building’s configuration offers excellent potential for an owner-user, investor or organization seeking a prominent headquarters location. Ownership would prefer to lease back the second floor, with terms negotiable, providing a potential income component for a new owner. Located within Summit East, a technology- and amenity-oriented SMART office campus, the property benefits from a professional environment featuring an onsite hotel, childcare services, green space, walking trails and a scenic lake. The combination of Class A construction, flexible occupancy potential and campus-style amenities makes 1591 Summit Lake Drive a compelling acquisition opportunity in Tallahassee’s eastern office market. The property also benefits from its location within Tallahassee’s expanding eastern growth corridor. Residential development in the Buck Lake, Fallschase, SouthWood and eastern Leon County areas continues to expand the nearby professional labor pool and customer base. The broader interchange area has also attracted significant investment, including the Amazon fulfillment facility and planned residential and commercial development associated with the Welaunee area. These projects are expected to further strengthen eastern Tallahassee as an employment, residential and commercial destination.

FOR SALE DETAILS

PRICE

$2,950,000 USD

PRICE/SF

$158 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Class A Office Building - Summit East

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

A

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

1.23 AC

LAND SF

53,579 SF

ZONING

IC

APN/PARCEL ID

12-17-25-00C-002.0

ASK ABOUT THIS PROPERTY

Preston HallColdwell Banker HartungMore Info
850-294-7170

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Preston HallColdwell Banker HartungMore Info
850-294-7170

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.