176 Commercial Parkway, Santa Rosa Beach, FL 32459

$815,000
Property Type: Commercial for Sale Status: Sold
Current Price: $875,000 List Date: 11/18/2020 Last Modified: 10/13/2024

Description

5,125 SF Flex Space, Light Industrial Building leased to Mediacom Southeast, LLC. The tenant has been a fixture at this location for the last 10 years. A new 5 year lease with additional 5 year option was executed on July 1, 2020 at today's market rates. This building is made up of a 2 story office space of approximately 3,000 SF as well as a 2 bay door warehouse space. The office portion consists of 8 offices, open workspace, conference room, kitchen / breakroom and front lobby for customer service. The tenant has invested a tremendous amount of capital building a Fiber Optic Central Station inside the warehouse. This is a private, secured area with multiple HVAC units and large generator serving this room......

More Information MLS# 859480

Contract Info

GCCMLS Number: 30667477 Listing Board: Emerald Coast List Date: 2020-11-18 List Price: $875,000

Location, Tax and Legal

Sub Area: 1601 - SRB NW of Hwy 98 to Church Hill Bayou Property Name: MediaCom Legal Description: LOT 13 COASTAL BUSINESS CENTER PB 15-10 OR 2427-40 OR 2685-4617 OR 2787-4065 OR 2790-62 OR 2801-4941 OR 3023-4855

General Property Info

Listed on GCCMLS: Yes Vacant: No Immediate Occupancy: No

Listing Info, Tax & Legal

As Is: Yes

Remarks & Misc

Remarks: 5,125 SF Flex Space, Light Industrial Building leased to Mediacom Southeast, LLC. The tenant has been a fixture at this location for the last 10 years. A new 5 year lease with additional 5 year option was executed on July 1, 2020 at today's market rates. This building is made up of a 2 story office space of approximately 3,000 SF as well as a 2 bay door warehouse space. The office portion consists of 8 offices, open workspace, conference room, kitchen / breakroom and front lobby for customer service. The tenant has invested a tremendous amount of capital building a Fiber Optic Central Station inside the warehouse. This is a private, secured area with multiple HVAC units and large generator serving this room......

Class

Income Producing: 1 Industrial: 1

Construction Status

Existing: 1

Industrial

# Ground Level Doors: 2 Building SqFt: 5125 Property Type: Flex Space

Income Producing

Year Built: 2004 Net Operating Income: 61500 Cap Rate: 7 Property Type: Industrial

None

Current Price: $815,000

Status Change Info

Status: Sold Under Contract Date: 2020-11-21 Sold Date: 2020-12-21 Sold Price: $815,000

Location Tax and Legal

Area: 16 - North Santa Rosa Beach Street #: 176 Street Name: Commercial Parkway State: FL Zip Code: 32459 County: Walton Parcel ID: 30-2S-20-33500-000-0130

Property Features

Class: Income Producing; Industrial Construction Status: Existing
Listing Office: Taylor Allen Properties LLC
Last Updated: October - 13 - 2024
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