CGE One - Redfish Village

Office for Sale
Catylist Listing ID: 30745321
Property Subtypes: Business Park, Executive Suites, Coworking, High-Tech, Medical, Mixed Use, Flex Space, Office Building
Building Size (RSF): 3,345 SF
Gross Building Area: See Agent
Sale Price: $1,325,000
Unit Price: $396.11 PSF
Property Use Type: Net Leased Investment (NNN), Vacant/Owner-User, Business
Building Name: Redfish Village
Sale Terms: Undisclosed
Cap Rate: 7.0%
Last Updated: 7/21/2021

Overview / Comments

This turn-key office has been finished with high quality interiors, featuring a large open floorplan, tall ceiling heights, a glassed-in meeting room, and
a ground floor reception with elevator access. This space is now occupied by Vacasa, LLC (international property management company with over 10,500 properties). Vacasa has executed a 5 year lease which began April 1, 2019 and is paying $98,000 net plus Association Dues & Property Taxes. The base rent escalates at 1% per year for the 1st 5 year term.

Additional Details

Nearest MSA: Crestview-Fort Walton Beach-Destin
County: Walton
Tax ID/APN: 12-3S-20-34860-0R2-0202
Zoning: ZONING RESTRICTIONS HAVE KEPT SCENIC HWY 30A FREE FROM STRIP MALLS, GO-KART TRACKS, AND TALL, GAUDY STOREFRONTS.
Property Located Between: One block from the beach, on the corner of 30A & Highway 83.
Property Visibility: Excellent
Highway Access: Centrally located on Scenic Hwy 30A in Blue Mountain Beach, Florida.
Area Description: Designed to keep nature a focal point of the community, Redfish Village is a unique setting and one of the most Eco-friendly environments along 30A. Making the most of the phenomenal location, this community is designed to evoke feelings of relaxation.
Number of Stories: 2
Exterior Description: Luxury residences, vacation rentals, and posh merchants on the idyllic scenic highway.

View FullscreenMap

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 2,640 6,206
Median Age: 44.43 42.56
Households: 1,200 2,698

Contact

Photograph of Listing Agent

Thomas D. Watson

CBRE, Inc. Gulf Coast CMLS Member
© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Gulf Coast CMLS nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.