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.

Attachments & Media

Expand All Available Space

Suite: B4 1,793 SF $18 PSF (Annual) NNN
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

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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


Photograph of Listing Agent

Melissa Glyptis Simpson

Coldwell Banker Commercial Realty
Gulf Coast CMLS Member
Photograph of Listing Agent

Christopher Wooten

Coldwell Banker Residential Fort Walton
Gulf Coast CMLS Member
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