Avison Young Sells 168,677 SF Office In Tallahassee For $13.6M
227 North Bronough Street, Tallahassee, Florida 32301, United States
$13,600,000
$80/SF
Building Size
168,677 SF
Asset Type
Office
Closing
Feb 14, 2022
About this deal
AI
The office property located at 227 N. Bronough St. in Tallahassee has been sold for a total price of $13,600,000. The property spans 2.14 acres and has a total square footage of 168,677. The sale took place on February 15, 2022.
Summary of transation details
- Property Type: Office
- Transaction Amount: $13,600,000
- Address: 227 N. Bronough St.
- Market: Tallahassee
- Area: 2.14 acres
- Square Footage: 168,677
The sale of this office property was facilitated by the broker team consisting of David Duckworth, John K. Crotty, Michael T. Fay, and Brian C. de la Fé, who represent Avison Young. Their expertise and negotiation skills were instrumental in closing the deal successfully.
Players
Tallahassee Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
Visit Michael Fay to view all their deals.
Browse Florida office sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.17%
Cash-on-Cash
-0.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93