Portfolio of 2 Assets ~ Sold together
Shopping Center
for Sale
| Catylist Listing ID: |
30581704 |
| Property Subtypes: |
Free-Standing Store, Strip Center
|
| Building Size (RSF): |
24,972 SF
|
| Gross Building Area: |
See Agent |
| Sale Price: |
$2,700,000 |
| Unit Price: |
$108.12 PSF |
| Property Use Type: |
Net Leased Investment (NNN), Investment |
| Building Name: |
Pointe Plaza & Childcare Network |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
7.88% |
| Last Updated: |
1/15/2021 |
Overview / Comments
Income Producing Retail Properties being sold together with long tenant history. These properties are located in Northwest Florida just outside the gates of Eglin Air Force Base. Pointe Plaza, is an Inline Strip center that is 19,282 SF with a solid mix of retail & office tenants. The adjacent property, Childcare Network (5690 SF) has been leased to the same tenant since the 1985, when the building was built. Both
properties operate seamlessly adjacent to each other. This is a great investment opportunity with a good mix of established tenants as well as new tenants with new 5 year lease terms.
|
Financials
| Finance Data Year |
2020 |
| Net Operating Income |
$212,875 (Annual) |
Additional Details
| Nearest MSA: |
Crestview-Fort Walton Beach-Destin |
| County: |
Okaloosa |
| Tax ID/APN: |
12-1S-23-253E-0023-0010 |
| Retail Clientele: |
General, Business, Tourist |
| Property Located Between: |
Eglin Air Force Base & Destin / Fort Walton Beach Airport |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
Government Avenue (Highway 85) |
| Airports: |
Destin - Fort Walton Beach Airport |
| Total Number of Buildings: |
2 |
| Property Condition: |
Average |
| Year Built: |
1985 |
| Parking Type: |
Surface |
| Sprinklers: |
Wet |
| Air Conditioning: |
Engineered System |
| Zoning Description: |
General Commercial |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Easements: |
Ingress/Egress, Utilities |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
3,283 |
16,532 |
35,423 |
| Median Age: |
36.15 |
39.94 |
41.23 |
| Households: |
1,400 |
6,502 |
13,992 |
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