Income Producing Commercial Duplex (Office & Restaurant)
Office
for Sale
| Catylist Listing ID: |
30826756 |
| Property Subtypes: |
Office Building, Other
|
| Building Size (RSF): |
7,000 SF
|
| Sale Price: |
$2,250,000 |
| Unit Price: |
$321.43 PSF |
| Property Use Type: |
Net Leased Investment (NNN), Investment |
| Class of Space: |
Class B |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
6.4% |
| Last Updated: |
3/21/2023 |
Overview / Comments
|
Income producing commercial duplex (Office & Restaurant) available for purchase in Niceville (Bluewater Bay), FL. This building sits as an outparcel to a grocery anchored shopping center that has tremendous mixed use synergy. This building consists of a brand new 5 year office lease to a Defense Contractor (5200 SF) as well as an existing restaurant space that has been leased to a German concept for quite some time. This space is 1800 SF with an additional 700 SF covered patio & Bier garden).
|
Financials
| Finance Data Year |
2022 |
| Net Operating Income |
$144,012 (Annual) |
| Actual or Proforma Year |
Actual |
Additional Details
| Nearest MSA: |
Crestview-Fort Walton Beach-Destin |
| County: |
Okaloosa |
| Taxing Authority: |
Okaloosa County |
| Tax ID/APN: |
23-1S-22-0000-0001-004C |
| Zoning: |
C - 1 |
| Property Visibility: |
Good |
| Year Built: |
1999 |
| Parking Type: |
Surface |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
6,415 |
20,777 |
32,839 |
| Median Age: |
42.25 |
44.3 |
43.34 |
| Households: |
2,540 |
8,186 |
13,420 |
|
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