GSA Office Investment

Office: General
Pending

3070 Adora Teal Way, CrestviewFL 32539

Property Details

Location

Address
3070 Adora Teal Way, CrestviewFL 32539
County
Okaloosa
Submarket
Parcels
03-3N-23-0000-0001-0100

Building Size

Building Size
Rentable Space
8,296 SF

Building Details

Type
 Office: General  
 Pending
Number of Buildings
Occupancy Type
Single Tenant
Percent Occupied
Building Class
B
Building Status
Existing
Floors
Year Built
2003
Sprinklers
Parking Ratio

Land & Utilities

Land (Acres)
2 Acres
Land (SF)
87,120 SF
Sanitary Sewer
Yes
Water
Yes
Rail Service
No
Zoning
URBAN RURAL DEV
Lot Depth
Lot Width

Contacts

Current Listings

GSA Office Investment

8,296 SF$1,675,000
Cap Rate: 8.47%
Beck Partners CRE, LLC

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.

Beck Partners CRE, LLC

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.

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Commercial Location Score (CLS) is a scoring system developed by Moody's Analytics to help commercial real estate professionals gain a quick understanding of the major factors that affect the value of a location. It's designed as a means to consistently evaluate a location's suitability/desirability for a particular use based on a number of factors.

CIE

Source: Gulf Coast CMLS

More Information

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