Office Available on Hwy 85 S
Office
for Lease
| Catylist Listing ID: |
30794184 |
| Property Subtypes: |
Business Park, Executive Suites
|
| Contiguous Space: |
1,793 SF |
| Building Size (RSF): |
1,793 SF |
| Gross Building Area: |
27,508 SF |
| Gross Land Area: |
2 Acres
|
| Lease Rate: |
$18 PSF (Annual)
|
| Base Monthly Rent: |
$2,689 |
| Lease Types: |
NNN |
| Building Name: |
Embassy Row |
| Usable Size (USF): |
1,793 SF |
| Last Updated: |
5/19/2022 |
Overview / Comments
|
Professional Office Space available on the south end of Crestview. Digital Jumbo Screen for maximum Hwy 85 visibility. S. Ferdon AADT of 41,500. Main level includes a waiting area, large receptionist office, 3 additional offices, conference room and one ADA restroom. Large open area with work stations and breakroom on the second floor.
|
| Space Available: |
1,793 SF |
| Lease Rate: |
$18 PSF (Annual)
$2,689 (Monthly)
|
| Lease Type: |
NNN |
| Date Available: |
3/19/2022 |
| Lease Term: |
36 Months |
| Space Type: |
Relet |
| Conference Rooms: |
1 |
| Offices |
3 |
| Kitchen |
Yes |
| Parking Spaces |
175 |
| CAM Expenses |
$2.36 PSF (Annual) |
| Rent Escalators |
Step-Up Lease |
| Rent Escalators Description |
3% Annual Rent Increases |
Additional Details
| Nearest MSA: |
Crestview-Fort Walton Beach-Destin |
| County: |
Okaloosa |
| Taxing Authority: |
City of Crestview |
| Tax ID/APN: |
32-3N-23-0000-0057-0100 |
| Zoning: |
C-2 |
| Property Located Between: |
I-10 and PJ Adams Pkwy |
| Property Visibility: |
Excellent |
| Highway Access: |
Immediate Ingress/ Egress to Hwy 85 |
| Airports: |
Destin/Fort Walton Beach Airport (VPS), Bob Sikes Airport (CEW) |
| 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: |
2004 |
| Roof Type: |
Hip |
| Construction/Siding: |
Brick |
| Parking Type: |
Surface |
| Total Parking Spaces: |
175 |
| Sprinklers: |
None |
| Heat Type: |
Electricity |
| Heat Source: |
Central |
| Air Conditioning: |
Engineered System |
| Zoning Description: |
Commercial High-Intensity District - high-intensity commercial developments including restaurants, large-scale retail sales and service industries, entertainment, light manufacture and repair, professional offices, hotels, gas stations, other similar uses and allowed accessory uses. Uses may be limited by location due to impacts and compatibility issues |
| Lot Frontage: |
45 |
| Lot Depth: |
750 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Easements: |
Ingress/Egress, Utilities, Other |
| Legal Description: |
COM AT A PT ON N LINE OF THE SE1/4 OF NW1/4 INTERSECTING WITH W R/W ST RD 85 S4 DEG W 655 FT W 302.91 FT TO POB W 447.13 FT N 4 DEG E 205.14 FT E 433.62 FT S 204.62 FT TO POB & EASEMENTS |
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 |
|
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