91 NW Hill Avenue, Mary Esther, FL 32569

$1,837,500
Property Type: Commercial for Sale Lot Size (sq. ft.): 323,215 Status: Sold
Current Price: $2,150,000 List Date: 1/13/2016 Last Modified: 10/12/2024

Description

91 Hill Ave has been continually leased by the US Government for the use of an international AAA aerospace company since pre 2003 and continually occupied by a defense contractor since it was constructed in 1987. The property consists of a total of 20,244 sf of which 12,339 sf is lease-occupied an has recently been renovated, and 15,083sf of lease-occupied warehouse on 7.4 acres of land. This is a ''Full Service Lease'' with an NOI of $202,259. 91 Hill Ave is conveniently located in the Fort Walton Commerce & Technology Park and is 2 Miles from Hurlburt Field AFB & 9.5 miles from Eglin AFB. Recent improvements include: new ceilings, air vents, ceiling lighting, carpet, tile, paint, air conditioner units, roofing, gutters, shrubbery and landscaping. There is also 7,906 sf of vacant

More Information MLS# 730444

None

Current Price: $1,837,500

Status Change Info

Status: Sold Under Contract Date: 2016-04-20 Sold Date: 2016-05-25 Sold Price: $1,837,500

Contract Info

List Date: 2015-05-18 List Price: $2,150,000 Listing Board: Emerald Coast

Location Tax and Legal

Area: 12 - Fort Walton Beach Street #: 91 Street Direction: NW Street Name: Hill Street Suffix: Avenue State: FL Zip Code: 32569 County: Okaloosa Parcel ID: 17-2S-24-0000-0001-0100

General Property Info

Office Class: Class B office space. Vacant: No Immediate Occupancy: Yes Acreage: 7.42 Lot SqFt: 323215 Lot Frontage: 250 Lot Depth: 750 Zoning: Industrial

Income Producing

Year Built: 1987 Building SqFt: 35327 Price P/SqFt: 57.23 Annual Gross Income: 315147 Expenses: 112888 Net Operating Income: 202259 Cash Flow: 202259 Cap Rate: 10 Property Type: Office

Office

# of Units: 2

Property Features

Class: Office Construction Status: Existing
Listing Office: Taylor Allen Properties LLC
Last Updated: October - 12 - 2024
All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2020 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.

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