Office
Executive Airport Plaza | Multi-Tenant Office | Destin, FL
1012 Airport Rd, Destin, FL 32541
Listing Price: $2,999,999
Cap Rate
8.60%
Gross SF
4,500
Rentable SF
4,500
Price/Gross SF
$666.67
Lot Size
0.38 acres
Year Built
2006
Investment Overview
We're pleased to bring to market the offering for the 4,500-SF Multi-Tenant Office Plaza conveniently located near Destin's Airport.
Executive Airport Plaza | Multi-Tenant Office | Destin, FL
Investment Highlights
- 4,500-SF Multi Tenant Office Plaza on a 0.38-AC Parcel | Operating on a Master Lease With 7+ Years Remaining and 3% Annual Rental Increases
- No Landlord Responsibilities | Tenant is Responsible for All Insurance, Taxes, Maintenance and Utilities | Parking Lot With 23 Spaces And Landscaped Exterior | Modern Exterior Finishes and Lighting
- Strong Location Directly Adjacent to Destin Executive Airport | Boasts High Visibility Along Airport Road in a Dense Office Corridor
- Located Near Multiple National Retailers Such as Target, UPS, Chick-Fil-A, CVS, Crumbl Cookies, Hobby Lobby, Walmart, Publix and More
- 1 Mile From Downtown Destin, a Major Vacation and Tourism Destination Seeing 4.5 Million Annual Visitors | 2 Miles From Destin Beach Access and Multiple Conference Centers, Hotels and Beach Resorts in Destin
- 15 Miles From Eglin Air Force Base, The Largest Air Force Base in The World and a Major Command Base With Over 19,000 Personnel, and 16 Miles From Hurlburt Field Air Force Base, With 7,900+ Active Duty and 17,00+ Civilian Employees
- Strong Demographics: Population Has Seen Steady Growth Since 2000 | Daytime Population Exceeds 31,000 Within 5 Miles | Average Household Incomes of Over $117,000 Within 1-Mile | Unemployment is Under 2% Within 1-Mile
- Florida's Emerald Coast Has Become a Major Economic Driver in the State Due to a Combination of Tourism, Vacation Homes and Military Bases, Contributing Billions to The Economy
Exclusively Listed By
Financing By
Listing Price: $2,999,999
Cap Rate
8.60%
Gross SF
4,500
Rentable SF
4,500
Price/Gross SF
$666.67
Lot Size
0.38 acres
Year Built
2006
Investment Highlights
- 4,500-SF Multi Tenant Office Plaza on a 0.38-AC Parcel | Operating on a Master Lease With 7+ Years Remaining and 3% Annual Rental Increases
- No Landlord Responsibilities | Tenant is Responsible for All Insurance, Taxes, Maintenance and Utilities | Parking Lot With 23 Spaces And Landscaped Exterior | Modern Exterior Finishes and Lighting
- Strong Location Directly Adjacent to Destin Executive Airport | Boasts High Visibility Along Airport Road in a Dense Office Corridor
- Located Near Multiple National Retailers Such as Target, UPS, Chick-Fil-A, CVS, Crumbl Cookies, Hobby Lobby, Walmart, Publix and More
- 1 Mile From Downtown Destin, a Major Vacation and Tourism Destination Seeing 4.5 Million Annual Visitors | 2 Miles From Destin Beach Access and Multiple Conference Centers, Hotels and Beach Resorts in Destin
- 15 Miles From Eglin Air Force Base, The Largest Air Force Base in The World and a Major Command Base With Over 19,000 Personnel, and 16 Miles From Hurlburt Field Air Force Base, With 7,900+ Active Duty and 17,00+ Civilian Employees
- Strong Demographics: Population Has Seen Steady Growth Since 2000 | Daytime Population Exceeds 31,000 Within 5 Miles | Average Household Incomes of Over $117,000 Within 1-Mile | Unemployment is Under 2% Within 1-Mile
- Florida's Emerald Coast Has Become a Major Economic Driver in the State Due to a Combination of Tourism, Vacation Homes and Military Bases, Contributing Billions to The Economy
Investment Overview
We're pleased to bring to market the offering for the 4,500-SF Multi-Tenant Office Plaza conveniently located near Destin's Airport.
Exclusively Listed By
Financing By
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