Magnolia Centre I

1203 Governors Square Blvd, Tallahassee, FL 32301

  • For Lease $17.95 - $18.00/SF/YR
  • Property Type Office - General Office
  • Property Size 58,176 SF
  • Lot Size 2.56 Acre
  • Parking Ratio 3.00 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1987
  • Year Renovated 2021
  • Date Updated Mar 25, 2024
Magnolia Centre I is located in the the office sub-market directly to the east of Downtown Tallahassee, which experienced significant retail and commercial growth over the last 36 months. With access from the main travel corridors of Apalachee Parkway, Park Avenue, and Magnolia Drive, this office asset is centralized for professional services firms, government tenants/contractors, engineering firms, technology firms, etc. The FL DOT and FL Lottery Headquarters are less than 1/8 mile as well as being adjacent to a vibrant neighborhood mixed-use development with Starbucks, Hilton, various restaurants and retail shops.Priced well below replacement and with rent growth potential in near term, the building offers both small and large tenant users who do work with State of Florida a convenient office to enter into, or relocate within, market. With a "smart" capital investment plan, the return of investment with be direct and in near term. A diverse set of national credit tenants insulates building from downturns and COVID-19 rent liability or deferment was 0%.With each floor consisting of 9,700 sq. ft. floor plates, the office layouts provide for 1/4, 1/2 to full floor users the ability to have either an open floor plan or hard office intensive setup, as needed. The building offers very competitive lease terms favorable to market and being close to the State of Florida government agencies, including Lottery HQ and FL-DOT HQ. This site provides tenants a downtown Tallahassee location at a percentage of the typical price.

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Highlights

  • NEW OWNERSHIP
  • $1m+ in capital upgrades planned in 2023
  • 4:1000 parking ratio (free surface)
  • Generator & Fiber onsite

Spaces Available

Contacts

broker

Daniel H. Wagnon

Structure

(850) 656-6555

Location

Getting Around

  • Walk Score ®

    68/100 Somewhat Walkable

  • Transit Score ®

    37/100 Some Transit

  • Bike Score ®

    54/100 Bikeable
Powered by Walk Score ®
  • City Tallahassee, FL
  • Neighborhood Camelot Park
  • Zip Code 32301
  • Market Tallahassee

Points of Interest

  • BP

    0.32 miles

  • Sprint

    0.49 miles

  • ChargePoint

    0.72 miles

  • Shell

    0.75 miles

  • Chevron

    0.89 miles

  • SemaConnect

    1.18 miles

  • Sunoco

    1.20 miles

  • Total Buy Store

    1.29 miles

  • Tesla Supercharger

    1.30 miles

  • Shell

    1.49 miles

  • Newman Lot

    0.87 miles

  • Kleman Plaza Parking Garage

    1.19 miles

  • Palm Court Parking Lot

    1.53 miles

  • Call Street Garage

    1.54 miles

  • Saint Augustine Street Garage

    1.58 miles

  • FSU Commuter Parking

    1.94 miles

  • Traditions Way Garage

    1.99 miles

  • Lot 341

    2.06 miles

  • Woodward Avenue Garage

    2.12 miles

  • Pensacola Street Parking Garage

    2.14 miles

  • Home2 Suites by Hilton Tallahassee State Capitol

    0.08 miles

  • Comfort Suites

    0.12 miles

  • Courtyard Tallahassee Capital

    0.16 miles

  • Courtyard by Marriott Tallahassee Downtown/Capitol

    0.16 miles

  • Motel 6 Tallahassee Downtown

    0.24 miles

  • Wyndham Garden Tallahassee Capitol

    0.35 miles

  • Econo Lodge Tallahassee

    0.43 miles

  • The Park Avenue Inn

    0.89 miles

  • AC Hotel Tallahassee Universities at the Capitol

    0.90 miles

  • Hilton Garden Inn Tallahassee Central

    1.06 miles

  • El Patron

    0.07 miles

  • McDonald's

    0.08 miles

  • Rock N Roll Sushi

    0.11 miles

  • Blaze Pizza

    0.12 miles

  • Buffalo Wild Wings

    0.12 miles

  • Takko Korean Taqueria

    0.13 miles

  • Which Wich?

    0.13 miles

  • Mission Bbq

    0.14 miles

  • Village Inn

    0.15 miles

  • Chick-fil-A

    0.15 miles

  • Southeastern School of Health Sciences

    0.46 miles

  • Hartsfield Elementary School

    0.61 miles

  • Leon High School

    0.77 miles

  • Trinity Catholic School

    0.83 miles

  • Cobb Middle School

    0.88 miles

  • Kate Sullivan Elementary School

    0.93 miles

  • Flagler College

    0.99 miles

  • East Hill Baptist Weekday Children's Ministries

    1.01 miles

  • TCC Center for Innovation

    1.18 miles

  • Kingdom Life Tabernacle Preparatory Academy

    1.19 miles

  • Magnolia Preschool

    0.40 miles

  • Ivy Hill Academy

    0.46 miles

  • Kidz Academy

    1.06 miles

  • Little Lambs Preschool

    1.08 miles

  • School For Young Children

    1.11 miles

  • Jacob's Ladder Childcare Center

    1.43 miles

  • A Little Heaven's ACad

    1.60 miles

  • Ann's Preschool and Kindergarten

    1.84 miles

  • Childcare Network

    2.05 miles

  • Purposeful Beginnings Learning Center

    2.11 miles

Frequently Asked Questions

How much does office space cost at Magnolia Centre I?

The average price for office space at Magnolia Centre I is $17.98/SF/YR. The cost of leasing office space can depend on the position of the space within the building, the location of the property, the quality rating, amenities on-site or nearby, as well as if the office space you are looking at comes with attributes that are unique to it.

What office space is available at Magnolia Centre I?

In total, there are 10,979 square feet of office space for rent at Magnolia Centre I. Availability at this location includes general office and office. The property offers Multi-Tenant commercial space. If you are interested in finding out more, you can easily reach out to schedule a tour using the contact form at the top of this page.

Can I find office space for a small business at Magnolia Centre I?

Available office space at Magnolia Centre I starts at 1,872 square feet. According to general recommendations of 75 to 150 square feet of office space per person, this can work for a minimum of 12 people. For detailed information on optimal divisible space options for your business needs, contact the listing broker to schedule a tour.

Can I find office space for a large business at Magnolia Centre I?

Office space available at Magnolia Centre I provides up to 5,627 square feet, which can accommodate a maximum of 75 people, according to recommendations of between 75 and 150 square feet of office space per person. For a better understanding of how this space could work for you, reach out to schedule a tour.

Is Magnolia Centre I a good location for office space?

Magnolia Centre I is located in the Camelot Park neighborhood of Tallahassee. Magnolia Centre I was first completed in 1987. The most recent renovation at this location was done in 2021. Office space here is rated class B. Reach out to the leasing representative for more detailed information on the most modern facilities and amenities at the property.

Area amenities within half a mile of this location include 2 child care option(s), 1 educational institution(s), 10 restaurant or other dining establishment(s), 7 hotel, motel, or other accommodation.

Does Magnolia Centre I have parking?

The property has a parking ratio of 3.00 / 1,000 SF.

How do I lease office space at Magnolia Centre I?

If you want to find out more about the lease terms and office space availability at Magnolia Centre I, fill out the contact form to schedule a tour or reach out to the property representatives using the contact details provided here to ask for any additional information that you might be interested in.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.

Contact Listing Broker

broker

Daniel H. Wagnon

Structure

(850) 656-6555

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  2. 2Extra information