Log In/Sign Up
Your email has been sent.
The Commons @ Crystal Beach 4635 Gulfstarr Dr 15,000 SF 100% Leased Office Building Destin, FL 32541 $3,500,900 ($233.39/SF) 6.76% Cap Rate
Investment Highlights
- 15,000 square foot medical office property within close proximity to Mid-Bay Bridge and Destin Commons.
- Population that resides within 1-mile radius is expected to grow by 12 % between '24-'29: median household income for this population equals $118,400.
- High visibility and accessibility: passed by 51,600 daily drivers and accessible via Hwy 98.
Executive Summary
Attention investors: 6.76 cap rate on this 2 story class A, fully leased medical or professional office building located in the heart of Destin! Its prime corner location w/a traffic light, provides easy accessibility & significant visibility from the 60,000+ vehicles passing daily along Hwy 98. The corner site also contains a highly visible large marquee sign. Strategically located less than a mile from The Destin Commons, Whole Foods, restaurants & businesses, this professional Office building is fully leased & generates $347,884 annual income. High quality finishes & architectural appeal accent 15,000+ SF Class A office space. The month to month Tenant could vacate if Buyer wants to occupy. Inquire for further details & to schedule a private showing.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
15,000 SF
Building Class
B
Year Built
2007
Price
$3,500,900
Price Per SF
$233.39
Cap Rate
6.76%
NOI
$236,544
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
7,500 SF
Slab To Slab
10’
Building FAR
0.31
Lot Size
1.10 AC
Zoning
RT - Residential Transition
Parking
77 Spaces (5.13 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Balcony
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Destin Ctr For Cosmetic Denist
- Retailer
- -
-
$9.99
-
Lorem Ipsum
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Destin Ctr For Cosmetic Denist | Retailer | - | $9.99 | Lorem Ipsum | - |
Property Taxes
| Parcel Number | 00-2S-22-2380-0000-0010 | Improvements Assessment | $1,642,393 |
| Land Assessment | $542,162 | Total Assessment | $2,184,555 |
Property Taxes
Parcel Number
00-2S-22-2380-0000-0010
Land Assessment
$542,162
Improvements Assessment
$1,642,393
Total Assessment
$2,184,555
1 of 97
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
The Commons @ Crystal Beach | 4635 Gulfstarr Dr
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.