Freestanding Office Building
Office
for Sale
| Catylist Listing ID: |
30820088 |
| Property Subtypes: |
Mixed Use, Net Leased, Office Building
|
| Building Size (RSF): |
2,208 SF
|
| Gross Building Area: |
See Agent |
| Gross Land Area: |
0.23 Acres
|
| Sale Price: |
$670,000 |
| Unit Price: |
$303.44 PSF |
| Property Use Type: |
Business |
| Class of Space: |
Class C |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
9.0% |
| Last Updated: |
11/29/2023 |
Overview / Comments
Excellent absolute NNN office investment opportunity in an income tax-free state. The property is situated on +/-0.23 acres in the heart of Fort Walton Beach and is located in the core retail trade area for the market. The property shares a parking lot which is used by Step One Automotive Group. The property is within minutes of numerous national retailers, restaurants, and other businesses which include Ross Dress For Less, Ulta, Five Below, West Marine, Winn-Dixie, Party City, Buffalo Wild Wings, Five Guys, Starbucks, Firehouse Subs, and many more.
Seller financing will be considered.
|
Financials
| Finance Data Year |
2022 |
| Net Operating Income |
$53,767 (Annual) |
| Actual or Proforma Year |
Actual |
Additional Details
| Nearest MSA: |
Crestview-Fort Walton Beach-Destin |
| County: |
Okaloosa |
| Tax ID/APN: |
13-2S-24-1910-0292-0000 |
| Property Visibility: |
Excellent |
| Area Description: |
Fort Walton Beach is located between Pensacola and Panama City. The Property's trade area is largely characterized by military personnel from Eglin Air Force Base and Hurlburt Field. Eglin Air Force Base covers over 463,000 acres and employs more than 8,500 military and approximately 4,500 civilians. Hurlburt Field has 10,782 active duty military personnel and 1,316 civilian employees. These combine to create a very stable employment base for the trade area, making it highly desirable. The new projects and infrastructure improvements within the Fort Walton Beach MSA have drawn private development to the city, creating new jobs and a booming economy. With the stable economy, Northwest Florida College, the largest U.S. air force base globally, strong tourism market, low state taxes, highly-rated school systems, and beautiful beaches, Okaloosa County, Florida has become a highly sought-after MSA and community to reside and popular tourist destination. |
| Total Number of Buildings: |
1 |
| Number of Stories: |
1 |
| Year Built: |
1989 |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
9,039 |
44,411 |
65,566 |
| Median Age: |
41.33 |
39.57 |
39.06 |
| Households: |
4,137 |
19,460 |
28,011 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither Gulf Coast CMLS nor
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