GREAT INCOME PRODUCING PROPERTY IN INDUSTRIAL PARK OF FWB. OFFICE AND FLEX/ WAREHOUSE SPACE. CURRENTLY FULLY OCCUPIED. THE CURRENT RENTS ARE BELOW THE MARKET, BUT THERE IS A LOT OF POTENTIAL FOR INCREASES. RENT ROLLS ARE AVAILABLE UPON REQUEST. THE CURRENT CAP RATE IS ~7%. TWO PARCELS ARE INCLUDED IN SALE: TOTAL OF 20,751 SQFT BUILDING ON 1 ACRE LOT.
Desirable investment opportunity in the Fort Walton Beach market. Located in the Commerce and Technology Park, the fully occupied property consists of +/-.99 acres and +/-8,409 SF of leasable space. There are two freestanding buildings, which feature over $100,000 in recent renovations. Building A has +/- 2,400 SF of office space, and Building B has +/- 6,009 SF of warehouse and office space. There are three tenants on the property. There is one tenant with a NNN lease and two tenants with a gross lease. The owner currently occupies +/- 2,000 SF of warehouse space and +/- 609 SF of office space. The property includes a fenced, lay-down yard behind building B, which is currently being used by the tenant for storage and overflow customers. Situated along Hill Avenue, the site experiences 20,500 AADT and has excellent visibility. The United States Airforce Base, Hurlburt Field, is located 10 minutes away and consists of 13,255 employees. Hill Avenue is the main road for military personnel to commute East and South from Hurlburt Field. The Fort Walton Commerce and Technology park includes tenants such as BAE Systems, Beast Code, Boeing, City Produce, Crane Aerospace, Lockheed Martin, MAG Aerospace, Magna Manufacturing, Microsystems, and many more.
Unique Flex space opportunity in this free-standing, concrete & cinder block building featuring 1,400 SF of Retail space plus 4,150 SF of Warehouse/Office space perfectly located in the Fort Walton Beach Downtown Business and Entertainment District. Property Zoned for Commercial and Mixed-Use. Key location with great traffic exposure! Just a few blocks away from Hwy 98. Do not disturb tenants. Call for more info and request your private showing.
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