410 & 412 Government Avenue, Valparaiso, FL 32580

$2,500,000
Property Type: Commercial for Sale Lot Size (sq. ft.): 130,680 Status: Sold
Current Price: $2,700,000 List Date: 3/18/2021 Last Modified: 10/12/2024

Description

Income Producing Retail Properties being sold together with long tenant history. These properties are located in Northwest Florida just outside the gates of Eglin Air Force Base. Pointe Plaza, is an Inline Strip center that is 19,282 SF with a solid mix of retail & office tenants. The adjacent property, Childcare Network (5690 SF) has been leased to the same tenant since the 1985, when the building was built. Both properties operate seamlessly adjacent to each other. This is a great investment opportunity with a good mix of established tenants as well as new tenants with new 5 year lease terms. We currently only have 1 vacancy of 2,000 SF. Call me for more information and I can send you a Marketing Flyer and rent roll.

More Information MLS# 842230

Contract Info

GCCMLS Number: 30581704 Listing Board: Emerald Coast List Date: 2020-03-09 List Price: $2,700,000

Location, Tax and Legal

Sub Area: 1302 - Valp No of Tom's Bayou Property Name: Pointe Plaza / Child Network Legal Description: 3 acres with 24972 SF office / retail center along with freestanding Childcare Network.

General Property Info

Listed on GCCMLS: Yes Vacant: No Immediate Occupancy: No CAM: 3.25 CAM Per: Year Acreage: 3

Listing Info, Tax & Legal

As Is: Yes

Remarks & Misc

Remarks: Income Producing Retail Properties being sold together with long tenant history. These properties are located in Northwest Florida just outside the gates of Eglin Air Force Base. Pointe Plaza, is an Inline Strip center that is 19,282 SF with a solid mix of retail & office tenants. The adjacent property, Childcare Network (5690 SF) has been leased to the same tenant since the 1985, when the building was built. Both properties operate seamlessly adjacent to each other. This is a great investment opportunity with a good mix of established tenants as well as new tenants with new 5 year lease terms. We currently only have 1 vacancy of 2,000 SF. Call me for more information and I can send you a Marketing Flyer and rent roll.

Class

Income Producing: 1 Office: 1 Retail: 1

Construction Status

Existing: 1

Office

# of Units: 7

Retail

Net Operating Income: 242005 Cap Rate: 8.96 # of Units: 7

Income Producing

Building SqFt: 24972 Net Operating Income: 242005 Cap Rate: 8.96 Property Type: Retail

None

Current Price: $2,500,000

Status Change Info

Status: Sold Under Contract Date: 2021-04-29 Sold Date: 2021-07-23 Sold Price: $2,500,000

Location Tax and Legal

Area: 13 - Niceville Street #: 410 & 412 Street Name: Government Avenue State: FL Zip Code: 32580 County: Okaloosa Parcel ID: 12-1S-23-253E-0023-0010; 12-1S-23-253E-0023-0060

Property Features

Class: Income Producing; Office; Retail Construction Status: Existing
Listing Office: Taylor Allen Properties LLC
Last Updated: October - 12 - 2024
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