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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: $2,500,000 List Date: 3/18/2021 Last Modified: 10/12/2024

Overview

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.

Listing Details MLS# 842230

Status Change Info

Under Contract Date: 2021-04-29
Sold Date: 2021-07-23

Contract Info

GCCMLS Number: 30581704
Listing Board: Emerald Coast

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

General Property Info

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

Income Producing

Building SqFt: 24972
Net Operating Income: 242005
Cap Rate: 8.96

More Information

Office

# of Units: 7

Retail

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

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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