Remarks

Investors, you are invited to add to your portfolio this unique commercial property available for the market for the first time. The Santa Rosa Sound on Fort Walton Beach Florida is the backdrop for Brooks Street Landing commercial condominium which consists of two buildings and their
common elements. Building A is a single-story multi-use structure that utilizes a submerged land lease to expand its views of the Sound. Building B is a three-story, well-maintained structure that is a fully leased. Its tenants include a popular, rapidly growing medical spa. Contact listing agent for showing availability. commercial office building with each floor a separate condo. It has an elevator accessible to the lobby for each condo. The southernmost office areas have large windows which provide stunning vistas of the water. The three floors are each designed as single suites with reception areas as well as private office spaces which make each condo ideally suited to leasing as separate companies. The office building is 100% leased. Currently, the leases are impacted by the renovation of the Brooks Bridge. Rental rates prior to beginning of the construction have not been changed but are expected to increase upon the completion of this area-wide improvement project, which is anticipated to be within three to four years. Current market oSice rents reflect an adjustment in consideration of the temporary disturbance to the accessibility of the properties.

Details

MLS#: 975013
Price: $3,000,000


County: Okaloosa