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377 Capital Cir SW

11,610 SF Industrial Building Tallahassee, FL 32304 £2,244,200 (£193/SF) 6.05% Net Initial Yield

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Executive Summary

Excellent Stabilized Asset with a 7 year true NNN lease with Optimum RV who has 13 locations throughout US (lease expires April 30, 2030).

WGCRE SALE FLYER 377 CCSW

Property Facts

Price	£2,244,200	Lot Size	1.61 AC
Price Per SF	£193	Rentable Building Area	11,610 SF
Sale Type	Investment NNN	Number of Floors	1
Net Initial Yield	6.05%	Year Built	1986
Property Type	Industrial	Tenancy	Single
Property Subtype	Warehouse General Retail Auto Dealership Industrial Service	Level Access Doors	8
Building Class	B	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	£2,244,200
Price Per SF	£193
Sale Type	Investment NNN
Net Initial Yield	6.05%
Property Type	Industrial
Property Subtype	Warehouse General Retail Auto Dealership Industrial Service
Building Class	B
Lot Size	1.61 AC
Rentable Building Area	11,610 SF
Number of Floors	1
Year Built	1986
Tenancy	Single
Level Access Doors	8
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

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map

377 Capital Cir SW, Tallahassee, FL - aerial map view

PROPERTY TAXES

Parcel Number	21-29-20-603-000.0	Improvements Assessment	£0
Land Assessment	£0	Total Assessment	£387,451

PROPERTY TAXES

Parcel Number

21-29-20-603-000.0

Land Assessment

£0

Improvements Assessment

£0

Total Assessment

£387,451

zoning

Zoning Code	M-1 (Tenant has rezoned parcel into a PUD making that parcel and the 9.76 acres adjacent that Tenant owns contiguous for their use.)
M-1 (Tenant has rezoned parcel into a PUD making that parcel and the 9.76 acres adjacent that Tenant owns contiguous for their use.)

Listing ID: 34400309
Date on Market: 07/01/2025
Last Updated:
Address: 377 Capital Cir SW, Tallahassee, FL 32304

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377 Capital Cir SW, Tallahassee, FL for sale Aerial- Image 1 of 2 — Optimum RV Lease for Sale

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