Climate-Controlled Self-Storage
2320 Capital Circle Northeast Tallahassee, FL 32308
2320 Capital Circle Northeast, Tallahassee, FL, 32308
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For Sale
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Four-story self-storage property with 960 climate-controlled units and full occupancy under CubeSmart.
Property Size121,000 SF
Price / SF$178.51
Days on Market83
Property Features for 2320 Capital Circle Northeast
General Information
- Standard status
- Active
- Size
- 121,000 SF
- Property subtype
- Self Storage
Building Details
- Year Built
- 2026
Listing agency
Premier Commercial Group
(850) 326-1463
Listed by
Tracy Waters · License #FL 658092
Source
Crexi
Added: May 1 Updated: Jul 21 at 5:06PM Checked: Jul 21 at 5:06PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Premier Commercial Group
Investment Insights
Based on property information with market context.
This four-story self-storage facility provides 960 climate-controlled storage units and is fully leased to CubeSmart. The asset is part of Capital Hill Plaza and is presented as a stabilized storage investment operated by a nationally recognized brand.
The property is located within the established Capital Hill Plaza on Capital Circle NE in Tallahassee, Florida. The plaza includes a mix of national and regional tenants, and the site is directly across from Publix and Lowe’s.
As one of eight buildings in the commercial center, the facility benefits from its placement in a well-trafficked retail environment with multiple service and retail uses supporting steady customer activity.
The property is located within the established Capital Hill Plaza on Capital Circle NE in Tallahassee, Florida. The plaza includes a mix of national and regional tenants, and the site is directly across from Publix and Lowe’s.
As one of eight buildings in the commercial center, the facility benefits from its placement in a well-trafficked retail environment with multiple service and retail uses supporting steady customer activity.
Key Highlights
- Four‑story, ±121,000 SF self‑storage facility built in 2026
- 960 climate‑controlled storage units
- Fully leased to CubeSmart, with full occupancy noted in the description
Local Financial Insights For Self Storage
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.60M | $13.20 |
| − Vacancy | −$95.8k | −$0.79 |
| EGI | $1.50M | $12.41 |
| − OpEx | −$450.4k | −$3.72 |
| NOI | $1.05M | $8.69 |
121,000 SF · lease $13.20/SF/yr · vacancy 6.00% · expense 30.00%
Alternative Uses
Best Use
Self Storage
$15.01M
$13.14M – $17.52M
NOI $1,050,958 @ 7.0% cap · market cap 4.87%
Second Best
Warehouse
$13.47M
$11.79M – $15.72M
NOI $942,929 @ 7.0% cap · market cap 4.37%
Theoretical Best
Office A
$29.66M
$25.96M – $34.61M
NOI $2,076,476 @ 7.0% cap · market cap 9.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Avis Car Rental
Car Rental Facility
HTeaO - Tallahassee
(Bike/Boat/Book/etc) Store
Avisbudgetcarrental
Car Rental Facility
Budget Car Rental
Car Rental Facility
Dunkin'
Cafe & Coffee Shop
Similar For Sale Nearby
FAQs
What type of property is this?
Self storage facility - Four-story self-storage property with 960 climate-controlled units and full occupancy under CubeSmart.
Where is this self storage facility located?
The property is located at 2320 Capital Circle Northeast Tallahassee, FL.
What is the asking price?
The asking price for this property is $21,600,000.
What are key features of this property?
This property features: Four‑story, ±121,000 SF self‑storage facility built in 2026; 960 climate‑controlled storage units; Fully leased to CubeSmart, with full occupancy noted in the description
