Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
None
Sq.Footage
N/A
Income-Producing Office Asset | Strong Cash Flow | Dual-Tenant OpportunityThis newer 5,500 SF multi-tenant office building presents a compelling investment opportunity with stable in-place income and upside potential.The property is divided into two suites:Suite A (3,000 SF): Leased at $6,250/monthSuite B (2,500 SF): Leased at $4,375/monthTotal Gross Monthly Income: $10,625Total Gross Annual Income: $127,500Additional income potential is provided by four 10x10 storage units, offering an opportunity to further increase NOI.The interior buildout supports a wide range of tenants and includes:6 private offices (8x12)9 private offices (6x8)Glass conference roomEfficient layout suited for medical, professional services, or executive office useCurrently occupied by a health s Currently occupied by a health services tenant, the configuration allows for continued medical use or easy conversion to general office, maximizing tenant demand and retention. Investment Highlights: Immediate cash flow with existing leases in place Multi-tenant diversification reduces vacancy risk Flexible office layout supports a broad tenant base Additional income stream from storage units Newer construction minimizes near-term capital expenditures Pro Forma Opportunity: With modest rent increases and full utilization of storage units, investors have the ability to increase NOI and drive cap rate expansion over time. Ideal for investors seeking a stabilized asset with upside in a growing professional services market.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Pool
No
Area & Lot
-
Lot Size(acres)
1.0
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Property Type
Commercial Sale
Price
-
Sales Price
$1,700,000
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Zoning
Commercial
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Sq. Footage
N/A
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Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
N/A
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Middle School
N/A
-
High School
N/A
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Location
County
Okaloosa
Elementary School
Middle School
High School
Listing Courtesy of Howard G Leavins , La Bella Vita Property Group LLC
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Partner
Bobby Johnson
Call Bobby today to schedule a private showing.
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