Office Space, Hwy 85 south of I-10

Office for Lease
Lease Pending
Catylist Listing ID: 30675514
Property Subtypes: Business Park, Executive Suites, Medical
Status: Pending
Contiguous Space: 1,641 SF
Gross Building Area: 27,508 SF
Gross Land Area: 2 Acres
Lease Rate: $18 PSF (Annual)
Base Monthly Rent: $2,461
Lease Types: NNN
Building Name: Embassy Row
Class of Space: Class B
Last Updated: 5/20/2021

Overview / Comments

Professional/ Medical Office Space available on the south end of Crestview less than one mile from I-10. Digital Jumbo Screen for maximum Hwy 85 visibility. Demographics within a 5 mile radius of the Office Park are: Total Population of 32,048 an Average Household Income of $61,699 and AADT of 41,500.

Attachments & Media

Expand All Available Space

Suite: B5 1,641 SF $18 PSF (Annual) NNN
Status: Pending
Space Available: 1,641 SF
Lease Rate: $18 PSF (Annual)
$2,461 (Monthly)
Lease Type: NNN
Space Subcategory: Office Building, Medical
Date Available: 12/18/2020
Lease Term: 36 Months
Space Type: Relet
Offices 3
CAM Expenses $2.37 PSF (Annual)
Rent Escalators Percentage Lease
Rent Escalators Description 3% Annually

Additional Details

Nearest MSA: Crestview-Fort Walton Beach-Destin
County: Okaloosa
Taxing Authority: City of Crestview, Okaloosa County
Tax ID/APN: 32-3N-23-0000-0057-0100
Zoning: C-1
Property Located Between: John King Rd and PJ Adams Pkwy
Property Visibility: Excellent
Highway Access: Entrance to the Office Park sites 150 ft. from median cuts headed North and South. Located less than one mile to I-10 and a half a mile to PJ Adams Pkwy. 919th Special Operation Wing is located 6.5 miles South and Bob Sikes Airport is 7 miles North East.
Airports: Crestview Industrial Airport, Northwest Florida Regional Airport
Site Description: Professional and Medical Office Park with 175 parking spaces and Jumbo Digital Screen on Hwy 85 for additional tenant visibility.
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: 2
Year Built: 2001
Parking Type: Surface
Total Parking Spaces: 175
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Zoning Description: Commercial
Lot Frontage: 45
Lot Depth: 750
Water Service: Municipal
Sewer Type: Municipal
Easements: Ingress/Egress, Utilities

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,249 18,745 31,154
Median Age: 32.97 33.26 34.03
Households: 1,137 6,921 11,424


Photograph of Listing Agent

Melissa Glyptis Simpson

Coldwell Banker Commercial NRT Pensacola
Gulf Coast CMLS Member
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