889 Mabry St Tallahassee, FL 32304
Distribution facility near Florida State University with long-term lease.
Property size:
97,217 SFLot size:
4.80 AcresProperty Features for 889 Mabry St
General Information
- Standard status
- Active
- Size
- 97,217 SF
- Lot size
- 4.80 Acres
Source:
Crexi
Listing Agency: ParaSell Inc Listing Agent: Scott Reid
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Tallahassee Distribution Facility For Sale
The property is a distribution facility located at 889 Mabry Street in Tallahassee, Florida, serving Florida State University and the greater Tallahassee market. The building has approximately 28,850 square feet and sits on a ~4.80-acre site with approximately 68,367 square feet of covered industrial outdoor storage. The location benefits from immediate proximity to Florida State University, driving consistent demand tied to ongoing facilities maintenance, infrastructure upgrades, and capital improvement projects within an education-anchored economy. The property is leased to Ferguson Enterprises, an industry-leading distributor with approximately $30+ billion in annual revenue and a national footprint of 1,700+ locations. The asset is secured by a corporate-guaranteed, modified NNN lease with approximately 9 years of remaining term. Ferguson has made a seven-figure, tenant-funded capital investment into the facility, completing substantial functional renovations including showroom modernization, office and administrative upgrades, warehouse layout optimization, high-bay lighting, electrical enhancements, ADA compliance improvements, and exterior site upgrades.
Location Intelligence
Current Use by Public Records
Ferguson Plumbing Supply
Plumbing Service
Location Insight
- Map
- Local Demand
- City
- Tallahassee
- County
- Leon
- State
- Florida
- Longitude
- -84.3282962
- Latitude
- 30.4308613
Nearby Similar for Sale
FAQs
What type of property is this?
Distribution center - Distribution facility near Florida State University with long-term lease.
Where is this distribution center located?
The property is located at 889 Mabry St Tallahassee, FL.
What are key features of this property?
This property features: - Corporate-guaranteed lease by Ferguson Enterprises (NYSE: FERG), a BBB+ rated, industry-leading distributor with $30+ billion in annual revenue.; - Mission-critical distribution facility serving Florida State University and the greater Tallahassee market.; - Approximately 9 years of remaining lease term with 10% rental increases at each of the two 5-year option periods.
