2908 Mahan Dr, Tallahassee, FL 32308

37,325 SF Specialty Building Offered at $6,900,000 at a 4.97% Cap Rate in Tallahassee, FL 32308

Asking Price $6,900,000

Property Type
Specialty
Square Feet
37,325 SF
Price / Square Foot
$185

Listing Contacts

Brian Messer

Property Overview

The property sits on 1.58 acres and consists of a one, 3 story building with 308 units. The facility was built in 2005 and is brick and stucco construction. The facility has numerous amenities including, but not limited to, security lighting, video surveillance, key fob access system, climate controlled units, various sizes of units ranging from 25 to 150 square feet, easy access drive up for loading and unloading, indoor units and a full-service on site manager office. MRZ storage is located directly on Highway 90 with gateway access to all of Tallahassee’s future east side growth.

Property Details

Class
B
Year Built
2005
Stories
3
Property Subtype
Self-Storage
Lot Size (sq. ft)
112,385 SF

Highlights

  • 96% Occupied with great rental history
  • 3 story very efficient design
  • Location, Location, Location
  • Easy low cost managed property
  • Property is in excellent condition
  • Frontage on major thoroughfare in Tallahassee, FL

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