4800 Woodlane Cir - Warehouse FOR SALE


Tallahassee, FL 32303- Northwest Tallahassee
$6,000,000 USD
940-735-2112
4800 Woodlane Cir, Tallahassee, FL for Sale
$6,000,000 USD
Warehouse - FOR SALE
1/9
null | 7.48% Cap Rate

4800 Woodlane Cir
Tallahassee, FL 32303
Northwest Tallahassee


HIGHLIGHTS

  • Low Vacancy Submarket
  • Proven Leasing Velocity On Site
  • Immediate Upside from Lease-Up
  • Flexible Layout and Diverse Suite Composition

OVERVIEW

Westover Industrial Partners is pleased to present Woodlane Circle Business Park, a 48,500 square foot small-bay industrial park situated on 4.70 acres in northwest Tallahassee. Six buildings house seventeen units ranging from 1,500 to 6,000 square feet, occupied by a diversified roster of thirteen trade, service, and light-manufacturing tenants. The park is 80.4% leased and generates $376,657 of annual base rent. Rents across the occupied roster sit close to market, so going-in income requires little repair, and substantially all in-place leases carry 3% annual escalations that compound without re-leasing or capital. The near-term opportunity is straightforward. Two units totaling 9,500 square feet recently turned over and are on the market today, both renovated and available for immediate occupancy. They enter a submarket operating at 1.90% vacancy, where seven leases have been signed on site since early 2025 across the full range of unit sizes. Beyond lease-up, two legacy leases covering 9,600 square feet sit meaningfully below market and expire in 2027 and 2029. Marking them to market at expiration adds a second layer of growth. Leasing the vacancy and allowing the remaining leases to roll carries the asset to a 9.04% stabilized yield on cost without repositioning capital or a change in use.

FOR SALE DETAILS

PRICE

$6,000,000 USD

PRICE/SF

$124 USD /SF

CAP RATE

7.48%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Woodlane Circle Business Park

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1977

UTILITIES

Lighting, Gas, Water, Sewer, Heating

CLEAR CEILING HT

-

DOCKS

1

DRIVE INS

1

PARKING SPACES

12

LAND DETAILS

LAND ACRES

4.7

LAND SF

204,732

ZONING

C-1

APN/PARCEL ID

21-06-51-000-021.0

ASK ABOUT THIS PROPERTY

Matson KaneWestover Industrial PartnersMore Info
940-735-2112

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Matson KaneWestover Industrial PartnersMore Info
940-735-2112

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