Magnolia Centre I

1203 Governors Square Blvd, Tallahassee, FL 32301

  • For Lease $18.50 - $21.00/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 Jan 6, 2025
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.
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Highlights

  • Less than 1/2 from State Capitol complex
  • $1m+ in capital upgrades in 2023/2024
  • 4:1000 parking ratio (free surface)
  • Generator & Fiber onsite

Spaces Available

Contacts

broker
Daniel H. Wagnon

Structure

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

  • Marathon

    0.75 miles

  • Chevron

    0.89 miles

  • Blink

    1.18 miles

  • Sunoco

    1.20 miles

  • Total Buy Store

    1.29 miles

  • Tesla Supercharger

    1.30 miles

  • Shell

    1.50 miles

  • Newman Lot

    0.87 miles

  • Kleman Plaza Parking Garage

    1.19 miles

  • Palm Court Parking Lot

    1.52 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

  • West Pensacola Street 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 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

    0.78 miles

  • Trinity Catholic School

    0.83 miles

  • Cobb Middle School

    0.88 miles

  • Kate Sullivan Elementary School

    0.94 miles

  • East Hill Baptist Weekday Children's Ministries

    1.01 miles

  • Kingdom Life Tabernacle Preparatory Academy

    1.19 miles

  • C. K. Steele - Leroy Collins Community Charter Middle School

    1.35 miles

  • Florida Agricultural and Mechanical University

    1.74 miles

  • Magnolia Preschool

    0.40 miles

  • Ivy Hill Academy

    0.46 miles

  • Trinity Catholic School

    0.90 miles

  • Brighter Day Academy School of Excellence

    1.02 miles

  • Kidz Academy

    1.06 miles

  • Little Lambs Preschool

    1.08 miles

  • School For Young Children

    1.10 miles

  • Tallahassee Memorial Child Care Center

    1.19 miles

  • Jacob's Ladder Childcare Center

    1.43 miles

  • A Little Heaven's ACad

    1.60 miles

Frequently Asked Questions

What is the price for renting office space at Magnolia Centre I?

The average rate for office space here is $19.75/SF/YR, with rates starting at $18.50.

What type of office space is available to lease at Magnolia Centre I?

In total, there is 12,658 square feet of office space for lease here. Availability at this location includes 4 Office spaces. The property offers Multi-Tenant commercial space.

Is Magnolia Centre I suitable for a small business?

Yes, availabilities here may be suitable for small businesses with 3 office spaces under 5,000 square feet available. Space sizes here start at 1,576 square feet.

Does Magnolia Centre I have parking?
Yes, the property offers 175 parking spaces with a parking ratio of 3.00 / 1,000 SF.
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Contact Listing Broker
broker
Daniel H. Wagnon

Structure

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