$2,500,000
Valparaiso, FL 32580
MLS# 842230
Status: Sold
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Property 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.
Details
Contract Info
GCCMLS Number: 30581704
Listing Board: Emerald Coast
List Date: 2020-03-09
List Price: $2,700,000
Location, Tax and Legal
Sub Area: 1302 - Valp No of Tom's Bayou
Property Name: Pointe Plaza / Child Network
Legal Description: 3 acres with 24972 SF office / retail center along with freestanding Childcare Network.
General Property Info
Listed on GCCMLS: Yes
Vacant: No
Immediate Occupancy: No
CAM: 3.25
CAM Per: Year
Acreage: 3
Listing Info, Tax & Legal
As Is: Yes
Remarks & Misc
Remarks: 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.
Class
Income Producing: 1
Office: 1
Retail: 1
Construction Status
Existing: 1
Office
# of Units: 7
Retail
Net Operating Income: 242005
Cap Rate: 8.96
# of Units: 7
Income Producing
Building SqFt: 24972
Net Operating Income: 242005
Cap Rate: 8.96
Property Type: Retail
None
Current Price: $2,500,000
Status Change Info
Status: Sold
Under Contract Date: 2021-04-29
Sold Date: 2021-07-23
Sold Price: $2,500,000
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
Property Features
Class: Income Producing; Office; Retail
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.
