Listing ID892955
Sold For$1,210,000
StatusSold
Sold Date6/30/2022
CountyOkaloosa
Property TypeCommercial Sale
Gulf Place Office Park is a 38 unit office condominium project in Destin FL. Available for sale are 13 office condos that are 100% leased at below market rates. Current office rental rates in the Destin market range from $16 to $20NNN wile the average rate in this portfolio is $15.30 gross creating a value add opportunity. These office units range in size from 612sf to 840sf and are in high demand with small businesses. Destin Florida is a top 'drive to' vacation destination in the Southeast with over 4.8 Million visitors annually that generate over 5 Billion in economic impact. Gulf Place Office Park is centrally located on Airport Rd just feet off of Highway 98 with convenient access to Destin, Fort Walton Beach and Niceville FL.
© 2022 Emerald Coast Association of REALTORS®, Inc. (ECARMLS). The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is believed to be accurate but is not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Data last updated: Monday, July 4th, 2022 11:03:16 PM. Listing courtesy of Taylor Allen Properties LLC.

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Travis Talley

911 Gulf Breeze Pkwy, Suite A
Gulf Breeze, FL 32561
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