Commercial Investment Property For Sale
Retail-Commercial
for Sale
| Catylist Listing ID: |
30875587 |
| Property Subtypes: |
Free-Standing Building, Mixed Use, Other
|
| Building Size (RSF): |
35,594 SF
|
| Gross Land Area: |
2.92 Acres
|
| Sale Price: |
$1,950,000 |
| Unit Price: |
$54.78 PSF |
| Property Use Type: |
Net Leased Investment (NNN), Investment |
| Building Name: |
Kitchen & Bath Center Manufacturing Warehouse |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
7.5% |
| Last Updated: |
9/16/2024 |
Overview / Comments
|
The building is on +/- 2.92 acres of land and offers +/- 35,594 square feet of space. It was built in 1990 and is easily accessible from Ready Ave, at the roundabout of Hill Ave NW (21,500 AADT) and Hollywood Blvd NW (18,500 AADT). The current purpose of the building is to serve as a Kitchen & Bath Center Manufacturing and Distribution Warehouse.
|
Current Tenants
| Tenant Business Name |
Kitchen & Bath Manufacturing Warehouse |
| Is Renting? |
Yes |
| Current Rent |
$147,407 PSF (Annual) |
| Lease Expiration |
12/2025 |
| Options |
Three 3-year options. |
Additional Details
| Nearest MSA: |
Crestview-Fort Walton Beach-Destin |
| County: |
Okaloosa |
| Tax ID/APN: |
17-2S-24-0000-0001-0240 |
| Zoning: |
CTP |
| Retail Clientele: |
General, Business |
| Property Located Between: |
Hollywood Blvd & Hill Ave |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
Hollywood Blvd |
| Feet of Frontage: |
180 |
| Traffic/Vehicle Count: |
21,500 |
| Airports: |
Destin-Ft Walton Beach Airport |
| Tenancy: |
Single Tenant |
| Total Number of Buildings: |
1 |
| Number of Stories: |
1 |
| Property Condition: |
Excellent |
| Year Built: |
1990 |
| Parking Type: |
Surface |
| Lot Frontage: |
180 |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
3,422 |
34,120 |
63,382 |
| Median Age: |
39.83 |
37 |
37.96 |
| Households: |
1,348 |
14,229 |
26,811 |
|
© Copyright 2024 Moody's. All Rights Reserved.
The information presented herein is provided as is, without warranty of any kind.
Neither Gulf Coast CMLS nor
Moody's assume any liability for errors or omissions.
|
