Property Type:
Commercial for Sale
Lot Size (sq. ft.):
13,504
Status:
Sold
Current Price:
$5,500,000
List Date:
1/09/2024
Last Modified:
10/13/2024
Description
Shalimar Town Center encompasses a total area of 39,000+ square feet, maintaining a 100% lease occupancy and generating consistent income. With an impressive cap rate projection of 7%, the structure seamlessly integrates six buildings into a cohesive professional office center.
Tenant highlights include full occupancy, with the exception of one space currently utilized as a maintenance staff office. The diverse tenant mix ensures stability and reliability in income generation.
Strategically situated in Shalimar, FL, the prime real estate location is in close proximity to key destinations, including the Destin-Fort Walton Beach Airport (10 minutes), the vibrant city of Destin (14 miles), Eglin Air Force Base (5 miles), and Hurlburt Field Air Force Base (6 miles).
Listing Office: LPT Realty LLC
Last Updated: October - 13 - 2024
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