GSA Office Investment

Office for Sale
Catylist Listing ID: 30366205
Property Subtypes: Governmental, Office Building, Other
Building Size (RSF): 8,296 SF
Gross Building Area: See Agent
Gross Land Area: 2 Acres
Sale Price: $1,675,000
Unit Price: $201.90 PSF
Property Use Type: Investment
Building Name: GSA Office Investment
Class of Space: Class B
Sale Terms: Undisclosed
Cap Rate: 8.47%
Last Updated: 1/6/2022

Overview / Comments

Beck Partners is proud to present, as exclusive agents, this Value-Add GSA leased investment property with 8.5 years remaining located in Crestview Florida. The Tenant, USDA occupies 6,270 SF of space which is utilized as an area office for the U.S. Department of Agriculture. This location is home to the Okaloosa County, FL Farm Service Agency, Natural Resources Conservation Service, Rural Development Office, and the Yellow River Soil and Water Conservation District.

The property's strategic location within the Bob Sikes Industrial Park provides an ideal location in the epicenter of Okaloosa County's core agricultural areas. The property sits on 2 acres (additional land is available for purchase separately), and the 8,000 SF building which was constructed in 2003 was completely remodeled in 2017. Upside potential exist with the opportunity to lease a vacant 1,730 SF space in the building.

Additional Details

Nearest MSA: Crestview-Fort Walton Beach-Destin
County: Okaloosa
Tax ID/APN: 033N23000000010100
Year Built: 2003
Roof Type: Flat
Construction/Siding: Wood Siding
Parking Type: Surface

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,107 16,077 35,944
Median Age: 41.44 37.44 35.79
Households: 1,187 6,001 12,793


Photograph of Listing Agent

Justin A. Beck, CCIM, CPM

Beck Partners CRE, LLC Member
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