Investment Offering Available for Sale
Office
for Sale
| Catylist Listing ID: |
30520798 |
| Property Subtypes: |
Office Building
|
| Building Size (RSF): |
10,976 SF
|
| Gross Land Area: |
0.62 Acres
|
| Sale Price: |
$1,400,000 |
| Unit Price: |
$127.55 PSF |
| Property Use Type: |
Investment |
| Class of Space: |
Class A |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
8.5% |
| Last Updated: |
7/15/2020 |
Overview / Comments
|
Investment Opportunity! This complex is built as two separate office buildings, each devised to house three tenants. It is fully leased and enjoys a professional tenant mix of medical, legal and legal support service professionals.
|
Additional Details
| Nearest MSA: |
Crestview-Fort Walton Beach-Destin |
| County: |
Okaloosa |
| Taxing Authority: |
Ocean City/Wright Fire (District 12) |
| Tax ID/APN: |
35-1S-24-2740-000B-0010 |
| Zoning: |
COM |
| Property Located Between: |
Shadow Ln and Shady St |
| Property Visibility: |
Excellent |
| Site Description: |
0.62 acre parcel with 112 FT of frontage on Lewis Turner Boulevard. |
| Area Description: |
Well traveled business corridor with over 31,000 CPD; high traffic corridor. Convenient to Medical, Financial and Governmental Institutions. Minutes to area hospital. Surrounded by professional and retail service industry. |
| Total Number of Buildings: |
2 |
| Number of Stories: |
1 |
| Year Built: |
2008 |
| Exterior Description: |
Extremely well maintained and attractive red brick buildings with dormer windows above. Covered walkways across the face of each building and each unit benefits from conditioned storage overhead. |
| Parking Type: |
Surface |
| Parking Description: |
12-16 Parking Spaces |
| Total Parking Spaces: |
16 |
| Lot Frontage: |
112 |
| Lot Depth: |
260 |
| Legal Description: |
In file. |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
6,798 |
47,050 |
67,172 |
| Median Age: |
36.59 |
38.35 |
38.62 |
| Households: |
3,038 |
20,064 |
28,308 |
|
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