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Classic Collision 700 Edge Ave 10,472 SF 100% Leased Industrial Building Fort Walton Beach, FL 32547 $1,422,222 ($135.81/SF) 6.75% Cap Rate
INVESTMENT HIGHLIGHTS
- National Tenant – Strong Operator – Classic Collision is a nationally recognized and rapidly expanding auto body repair brand
- Strategic Location in a Growing Florida Market – Located in Fort Walton Beach, Florida, the property benefits from a diverse
- Long-Term NNN Lease with Built-In Rent Growth – The property is secured by a ±7.1-year remaining term on a Triple Net (NNN) lease
- Large Site & Valuable Real Estate – The ±10,472 SF building is situated on a ±1.03-acre lot, offering a low building-to-land ratio, ample parking
EXECUTIVE SUMMARY
Kyle Matthews
License # CQ1066435 (FL)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
PROPERTY FACTS
| Price | $1,422,222 | Lot Size | 1.03 AC |
| Price Per SF | $135.81 | Rentable Building Area | 10,472 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 6.75% | Year Built | 1973 |
| Property Type | Industrial | Parking Ratio | 1.91/1,000 SF |
| Property Subtype | Manufacturing | No. Drive In / Grade-Level Doors | 1 |
| Building Class | B | Opportunity Zone |
Yes
|
| Price | $1,422,222 |
| Price Per SF | $135.81 |
| Sale Type | Investment |
| Cap Rate | 6.75% |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | B |
| Lot Size | 1.03 AC |
| Rentable Building Area | 10,472 SF |
| No. Stories | 1 |
| Year Built | 1973 |
| Parking Ratio | 1.91/1,000 SF |
| No. Drive In / Grade-Level Doors | 1 |
| Opportunity Zone |
Yes |
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- Services
- -
- -
- -
Classic Collision was established in 1983 in Atlanta, GA, with a single goal: to offer quality service to its customers with honesty and integrity. They do this by employing the best talent and using the highest-quality materials. Classic Collision is one of the largest privately-held national providers of auto body repair services with over 170 state-of-the-art repair facilities in 13 states across the U.S. For over 38 years, Classic Collision has put customer satisfaction first in all they do. They are proud to provide high-quality auto body repairs with properly trained technicians and the appropriate equipment. They hold numerous manufacturer certifications and factory-direct training which makes them a leader in comprehensive collision repair.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
|
|
Services | - | - | - |
PROPERTY TAXES
| Parcel Number | 04-2S-24-0000-0044-0020 | Improvements Assessment | $230,956 |
| Land Assessment | $140,062 | Total Assessment | $371,018 |
PROPERTY TAXES
Presented by
Classic Collision | 700 Edge Ave
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