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: |
7/13/2021 |
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 |
| Zoning: |
URBAN RURAL DEV |
| Year Built: |
2003 |
| Roof Type: |
Flat |
| Construction/Siding: |
Wood Siding |
| Parking Type: |
Surface |
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 |
|
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