5660 Gulf Breeze Parkway, Gulf Breeze, FL 32563 (MLS# 897511)

Contract Info

GCCMLS Number: 30801030 Listing Board: Emerald Coast List Date: 2022-05-03 List Price: $5,150,000

Location, Tax and Legal

Sub Area: 1106 - Midway/Tiger Point Property Name: Midway Plaza Investment Sale Legal Description: In File

General Property Info

Listed on GCCMLS: Yes Description: Midway Plaza Multi Tenant Sale Property Information: First Time Ever Offered on the market by the original owner/developer. This is an extremely well maintained 4 building asset that is built out to house office, retail and warehouse tenants. The tenants have been carefully qualified over the years and there is a great tenant mix of shops and a real vibrancy to the center. The property is 100% occupied and the center enjoys great exposure on HWY 98 Vacant: No Immediate Occupancy: No Lot Depth: 482 Zoning: M1 Lot Frontage: 470 Acreage: 4.64

Listing Info, Tax & Legal

As Is: No

Remarks & Misc

Remarks: Investment Opportunity- This is the first time to market for this well maintained professionally managed center by the original owner/developer. Extremely well maintained asset has been properly managed through the years with a fantastic mix of qualified long-term tenants in place. Projected NOI for 2022 is $357,823. 18

Class

Income Producing: 1 Other: 1

Construction Status

Existing: 1

Income Producing

Year Built: 2002 Price P/SqFt: 96.7 Property Type: Other (See Remarks)

Other

Year Built: 2002 Building SqFt: 53256 Vacancy Rate: 0 Net Operating Income: 357823 Cap Rate: 6.95 # of Units: 20

None

Current Price: $4,608,277

Status Change Info

Status: Sold Under Contract Date: 2022-05-12 Sold Date: 2022-08-01 Sold Price: $4,608,277

Location Tax and Legal

Area: 11 - Navarre/Gulf Breeze Street #: 5660 Street Name: Gulf Breeze Street Suffix: Parkway State: FL Zip Code: 32563 County: Santa Rosa Parcel ID: 19-2S-27-0000-02300-0000

Property Features

Class: Income Producing; Other Construction Status: Existing