Marcus & Millichap Facilitates $2.05M Industrial Property Sale In Tallahassee

A net-leased property in Tallahassee, Florida, was recently sold for $2.05 million. The property, located at 5215 West Tharpe Street, is an industrial asset in the Tallahassee market. The sale was facilitated by Marcus & Millichap, a commercial real estate brokerage firm.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $2,050,000
• Date: 04/18/2023
• Address: 5215 West Tharpe Street, Tallahassee, Florida
• Brokers: Dominic Sulo & Samuel Malato - Marcus & Millichap
• Market: Tallahassee

The buyer, a New York-based entity, was represented by Marcus & Millichap's Chicago Oak Brook office. Ryan Nee, the firm's Florida broker of record, assisted with the deal. The property is occupied by Johnson Controls, which recently extended its lease at fair market value.