1607 Saint James Ct - Medical FOR SALE


Tallahassee, FL 32308- Miccosukee Greenway
$14,426,000 USD
850-385-6363
1607 Saint James Ct, Tallahassee, FL for Sale
$14,426,000 USD
Medical - FOR SALE
1/10
null | 7% Cap Rate

1607 Saint James Ct
Tallahassee, FL 32308
Miccosukee Greenway


OVERVIEW

PROPERTY OVERVIEW This offering presents a unique opportunity to acquire a Class A medical office building actively owned and operated by Tallahassee Memorial Healthcare (TMH), a highly respected regional healthcare provider. The offering is being structured as a sale-leaseback, with TMH committing to a 15-year NNN lease upon closing. The facility is 100% occupied and fully functional, ensuring immediate, uninterrupted cash flow. With the lease commencing on the day of closing, investors can benefit from instant income secured by creditworthy healthcare tenants. LOCATION OVERVIEW Located in northeast Tallahassee, Florida, just off Capital Circle NE near Centerville Road. It sits within a well established medical and professional office area, minutes from Tallahassee Memorial Hospital and surrounded by clinics, pharmacies, and healthcare facilities. The location offers easy access to major roads like Mahan Dr. and Miccosukee Rd. and is situated in a quiet, tree-lined office park setting. ABOUT This premier medical office property benefits from the financial strength and stability of TMH as the lease guarantor. TMH is a highly respected, not-for-profit regional healthcare system that has served North Florida and South Georgia for over 75 years. As the second largest hospital in the region and a major employer in Tallahassee, TMH brings exceptional credibility and long term value to this asset. The organization is one of the largest private employers in Tallahassee, further reinforcing its regional economic impact. TMH's active ownership and direct engagement with the property ensures a high standard of management, maintenance, and tenant retention. This relationship significantly enhances the asset's long-term value, making it a rare and compelling investment opportunity in the healthcare real estate sector.

FOR SALE DETAILS

PRICE

$14,426,000 USD

PRICE/SF

$304 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Tallahassee Mem. Healthcare Medical Office

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

A

YEAR BUILT

1993

SPRINKLERS

-

PARKING SPACES

170

LAND DETAILS

LAND ACRES

4.5 AC

LAND SF

196,020 SF

ZONING

OR-3

APN/PARCEL ID

11-28-12-000-003.0

ASK ABOUT THIS PROPERTY

Ben WilkinsonTLG Real Estate Services, PLLCMore Info
850-385-6363

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Ben WilkinsonTLG Real Estate Services, PLLCMore Info
850-385-6363

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