838 AIRPORT Road, Destin, FL 32541
Overview
Description
Supplements: ... (Read more) The main floor is comprised of a spacious lobby with two bathrooms, six offices (the largest executive office features a lavish full bath), two conference rooms, a break room, IT room, an expansive "bullpen" enjoying significant ceiling volume and accommodating adaptable cubicle configurations, serviced by a beautiful kitchen and work island. The floorplan flows into a warehouse and flex space which contain two additional bathrooms and a loading dock with canopy and two commercial-grade roll-up doors. The mezzanine level could accommodate expanded workspace, seminars, game room, exercise room, storage, etc. The initial term of the lease and rent commenced on April 1, 2018, and shall terminate on March 31, 2023, unless tenant exercises optional renewal terms allowing for two (2)-year and one (1)-year additional extensions. The minimum base rent is $204,000/annually under net lease terms, further offering an investor 3.5% annual escalations. Please inquire for further details. Showings must be accompanied by listing broker and are by appointment only.
Listing Details MLS# 804025
Status Change Info
- Under Contract Date
- 2018-08-16
- Sold Date
- 2018-09-14
Contract Info
- Listing Board
- Emerald Coast
Location Tax and Legal
- Area
- 14 - Destin
- Street #
- 838
- Street Name
- AIRPORT
- Street Suffix
- Road
- State
- FL
- Zip Code
- 32541
- County
- Okaloosa
- Parcel ID
- 00-2S-22-0000-0058-0100
General Property Info
- Listed on GCCMLS
- No
- Office Class
- Class A
- Vacant
- No
- Immediate Occupancy
- No
- Acreage
- 0.85
- Lot Frontage
- 120
- Lot Depth
- 310
- Zoning
- Industrial
- Future Land Use
- IN (Industrial)
Income Producing
- Year Built
- 2001
- Net Operating Income
- 204000
- Cap Rate
- 7
More Information
Industrial
- # Ground Level Doors
- 2
- # Dock High Doors
- Yes

City of Destin Zoning Map ›