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Well Positioned Value-Add Asset
$16.50 to $21/sqft/yr
1203 Governors Square Blvd, Tallahassee, FL 32301
58,176 sqft
Building Size
2.56 acres
Lot Area
Details:
Highlights:
- Value-Add: Current Occupancy 60%
- Class B professional office among surrounding growth
- 3:1000 parking ratio (free surface)
- Centrally Located near State of Florida agency HQ and Capitol
- Onsite Generator
Description:
With each floor consisting of 9,700 sq. ft. floor plates, the office layouts provide for 1/4, 1/2 to full floor users the ability to have either an open floor plan or hard office intensive setup, as needed. The building offers very competitive lease terms favorable to market and being close to the State of Florida government agencies, including Lottery HQ and FL-DOT HQ. This site provides tenants a downtown Tallahassee location at a percentage of the typical price.
Magnolia Centre I is located in the the office sub-market directly to the east of Downtown Tallahassee, which experienced significant retail and commercial growth over the last 36 months. With access from the main travel corridors of Apalachee Parkway, Park Avenue, and Magnolia Drive, this office asset is centralized for professional services firms, government tenants/contractors, engineering firms, technology firms, etc. The FL DOT and FL Lottery Headquarters are less than 1/8 mile as well as being adjacent to a vibrant neighborhood mixed-use development with Starbucks, Hilton, various restaurants and retail shops.
5 Spaces Available
Unit 101B Unknown Sub Type
Unit 301 Building
Unit 602 Building
Under renovation - Small Professional Suite with conference, two offices, open work area & LAN/IT storage; perfect for an association, government vendor or professional services company
Unit 200 Unknown Sub Type
Unit 201 Unknown Sub Type
Documents:
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| Lease Brochure (L) |
Location
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