1234 Airport Road Road, Destin, FL 32541

$1,210,000
Property Type: Commercial for Sale Status: Sold
Current Price: $1,236,085 List Date: 3/10/2022 Last Modified: 10/13/2024

Description

Gulf Place Office Park is a 38 unit office condominium project in Destin FL. Available for sale are 13 office condos that are 100% leased at below market rates. Current office rental rates in the Destin market range from $16 to $20NNN wile the average rate in this portfolio is $15.30 gross creating a value add opportunity. These office units range in size from 612sf to 840sf and are in high demand with small businesses. Destin Florida is a top 'drive to' vacation destination in the Southeast with over 4.8 Million visitors annually that generate over 5 Billion in economic impact. Gulf Place Office Park is centrally located on Airport Rd just feet off of Highway 98 with convenient access to Destin, Fort Walton Beach and Niceville FL.

More Information MLS# 892955

None

Current Price: $1,210,000

Status Change Info

Status: Sold Under Contract Date: 2022-05-05 Sold Date: 2022-06-30 Sold Price: $1,210,000

Contract Info

GCCMLS Number: 30792891 List Date: 2022-03-07 List Price: $1,236,085 Listing Board: Emerald Coast

Location Tax and Legal

Area: 14 - Destin Street #: 1234 Street Name: Airport Road Street Suffix: Road State: FL Zip Code: 32541 County: Okaloosa Parcel ID: 00-2S-22-109C-0000-2240

General Property Info

Listed on GCCMLS: Yes Property Information: Gulf Place Office Park is a 38 unit office condominium project in Destin FL. Available for sale are 13 office condos that are 100% leased at below market rates. Current office rental rates in the Destin market range from $16 to $20NNN wile the average rate in this portfolio is $15.30 gross creating a value add opportunity. These office units range in size from 612sf to 840sf and are in high demand with small businesses. Destin Florida is a top 'drive to' vacation destination in the Southeast Vacant: No Immediate Occupancy: No

Income Producing

Property Type: Office

Property Features

Class: Income Producing Construction Status: Existing
Listing Office: Taylor Allen Properties LLC
Last Updated: October - 13 - 2024
All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2020 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.

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