Listed by Graham & Company Gulf Coast, Graham & Company Birmingham
$10,500,000
6925 US Highway 98 301
Details
APN 05-3S-18-16000-001-0070
Property Type Office
Sub Type Traditional Office
Square Footage 31,840
Year Built 2022
Acreage 6.000
Office | 31,840 SqFt
Marketing description
Stabilized, income producing office investment in high-demand, high-growth market with limited commercial inventory in the area. Property is 94% leased with $789,000 NOI and diversified, stable tenant mix. Tenants are service-based/local.
This Class A Office property asset is well located on Hwy 98 in Santa Rosa Beach, Florida. It has prominent Hwy 98 frontage and shares access with Wal- Mart Neighborhood Market, Dune Lakes Elementary and Walton Sports Complex. The Property is well situated in the highly sought after South Walton sub market and benefits from its proximity to 30A. The Property provides ample parking and is newly constructed.
Investment highlights
- $790,000+ Net Operating Income
- ~94% occupancy (27,260 SF leased)
- 29,000 rentable SF / ~33,000 total SF
- Diversified tenant mix (no heavy single-tenant reliance)
- Strong in-place cash flow
- Vacancy (~1,824 SF) as immediate upside opportunity
- Long-term leases
- High demand , high growth location with limited inventory
- Excellent visibility and access
Listing Contacts
Listed by Graham & Company Gulf Coast, Graham & Company Birmingham
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