Retail/Office Available for Lease
Shopping Center
for Lease
| Catylist Listing ID: |
30857186 |
| Property Subtypes: |
Strip Center
|
| Contiguous Space: |
2,567 SF |
| Gross Building Area: |
20,116 SF |
| Gross Land Area: |
1.98 Acres
|
| Lease Rate: |
$20 PSF (Annual)
|
| Base Monthly Rent: |
$4,278 |
| Lease Types: |
NNN |
| Building Name: |
Court Plaza |
| Last Updated: |
5/3/2024 |
Overview / Comments
|
Court Plaza Unit Available for Lease in Crestview, FL. This 20,116 SF Center is located at the signaled intersection of S. Ferdon Blvd and Redstone Ave, and is surrounded by National Retailers and North Okaloosa Hospital. This 1.98 Acres site includes 103 parking spaces, lighted pylon sign and an AADT of 45,500. 5 mile demographics within a 5 mile radius include a Total Population of 41,261 and an Average Household Income of $65,041.
|
| Space Available: |
2,567 SF |
| Lease Rate: |
$20 PSF (Annual)
$4,278 (Monthly)
|
| Lease Type: |
NNN |
| Date Available: |
9/28/2023 |
| Space Type: |
Relet |
| Offices |
2 |
| Kitchen |
Yes |
| CAM Expenses |
$3.50 PSF (Annual) |
| Rent Escalators |
Step-Up Lease |
| Rent Escalators Description |
3% Annually |
Additional Details
| Nearest MSA: |
Crestview-Fort Walton Beach-Destin |
| County: |
Okaloosa |
| Taxing Authority: |
City of Crestview |
| Tax ID/APN: |
20-3N-23-0000-0146-0050 |
| Zoning: |
C-2 |
| Retail Clientele: |
General, Family, Business, Traveler, Tourist, Recreation |
| Property Located Between: |
S. Ferdon Blvd and Redstone Ave. |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
S. Ferdon Blvd (Hwy 85) |
| Feet of Frontage: |
309 |
| Traffic/Vehicle Count: |
45,500 |
| Highway Access: |
Immediate ingress/ egress onto Hwy 85. Less than 1 mile to I-10 |
| Airports: |
Destin/Fort Walton Beach Airport (VPS), Bob Sikes Airport (CEW) |
| Area Description: |
Crestview is the county seat of Okaloosa County, and is designated as the Hub City” as it is located at the junction of three major highways” US Hwy 90 (US 90), State Road 85 (SR 85) and Interstate 10 (I-10). The University of Florida’s Bureau of Economic and Business Research (BEBR) projects Okaloosa County’s current population of 188,000 is projected to grow to 223,500 by 2040 with medium population growth, representing an increase of 18%. As identified in the 2015 Florida Defense Factbook, Eglin Air Force Base, housed in Okaloosa County, is the largest military installation in the Department of Defense. Duke Field, located on SR 85, is the new home of the 919th Special Operation Wing. The Economic Development Council of Okaloosa estimated in 2017 the military presence of Duke’s Total Economic Impact in the Community at $51 million annually. Bob Sikes Airport supports a mix of general aviation, defense and industrial aerospace corporations with its 8,000 foot runway with an instrument landing system (ILS) and available acreage on and off airport for lease. The Okaloosa-Walton Transportation Planning Organization (OWTPO) reports, Okaloosa County’s median household income is $55,768 with the 32536 zip code coming in at $62,862 as reported by the Bureau of Labor Statistics. The state of Florida’s median income is $47,212 . Employment is projected to grow at an 11%-15% rate per the (OWTPO). |
| Total Number of Buildings: |
1 |
| Number of Stories: |
1 |
| Property Condition: |
Excellent |
| Year Built: |
1987 |
| Year Renovated: |
2010 |
| Roof Type: |
Flat |
| Parking Type: |
Surface |
| Total Parking Spaces: |
103 |
| Heat Type: |
Electricity |
| Heat Source: |
Central |
| Air Conditioning: |
Engineered System |
| Lot Frontage: |
309 |
| Lot Depth: |
300 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
4,098 |
30,080 |
36,327 |
| Median Age: |
33.44 |
33.88 |
35 |
| Households: |
1,490 |
11,016 |
13,339 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither Gulf Coast CMLS nor
Moody's assume any liability for errors or omissions.
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