For Sale
$2,145,000

4357 Lafayette St Marianna, FL 32446

High-yield, 100% occupied medical office

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional Class A, two-story medical office building, totaling 10,900 square feet, is situated on a 1.42-acre lot at 4357 Lafayette St, Marianna, FL 32446. Built in 2013, the property boasts a 7.25% cap rate and a strong NOI of $155,658, reflecting its excellent financial performance. Currently 100% occupied by a diverse tenant mix including Dermatology Specialist Group, the Department of Education of the State of Florida, and the Gulf Coast Children's Advocacy Center, this investment presents a stable and secure income stream. Located in Marianna's prime retail corridor, within the DISTA (Downtown Improvement Special Treatment Area) zoning, the building is in excellent condition and offers significant upside potential. The property's strategic location and high-quality tenants make it an attractive investment opportunity for discerning buyers seeking a stable, high-yielding asset in a growing market. The asking price is $2,145,000, translating to $196.79 per square foot. This multi-tenant building presents a rare opportunity to acquire a fully leased, high-performing medical office building in a desirable location. The property features one building with two stories and is identified by APN 04-4N-10-0343-0000-0103.

Highlights

  • 10,900 SF Class A medical office building on a 1.42-acre lot.
  • 100% occupied with a strong tenant mix.
  • $2,145,000 asking price, representing a 7.25% cap rate and $196.79/SF.
  • Generates a Net Operating Income (NOI) of $155,658.
  • Located at 4357 Lafayette St, Marianna, FL 32446, in a prime retail corridor.

Property Details for 4357 Lafayette St

Property type
Office properties, Medical offices
Square Feet
10,900 SF
Class
A
Year Built
2013
Buildings
1
Stories
2
Lot Size (sq. ft)
61,855 SF

Location Insight

City
Marianna
County
Jackson
State
Florida
Latitude
30.77523
Longitude
-85.2329

FAQs

What type of property is this?
Office property - High-yield, 100% occupied medical office
Where is the office property located?
The property is located at 4357 Lafayette St Marianna, FL.
What is the asking price?
The asking price for this property is $2,145,000.
What are key features of this property?
This property features: 10,900 SF Class A medical office building on a 1.42-acre lot.; 100% occupied with a strong tenant mix.; $2,145,000 asking price, representing a 7.25% cap rate and $196.79/SF.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
4357 Lafayette St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message