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.
Listing Office: Taylor Allen Properties LLC
Last Updated: October - 13 - 2024
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