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1301 Industrial Drive , 2nd & 3rd Floor

Crestview, FL 32539
  • $49,502
  • STATUS: Active
  • ON SITE: 14 Days
  • MLS #: 907851
UPDATED: 74 min ago
$49,502
  • 0
    BEDS
  • 1.12
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 19,801
    SQFT
  • $2
    $/SQFT
Neighborhood:
Type:
Commercial-Lease
Built:
2006
County:

School Ratings & Info

Description

One of only a handful of Class 'A' office buildings in the Okaloosa/Walton County market. Purpose built in 2006 for a regional bank headquarters, this three story steel frame and stone structure commands immediate presence. Massive columns and in-laid brick exterior show the building's Southern roots, while floor to ceiling glass windows and metal roofing system lean towards a modern appeal. This property provides a very unique opportunity to occupy generous interiors providing local professionals a marquee office location. Further, the Landlord has budgeted up to $40/sf in Tenant Improvement Allowance to renovate the common areas and office suites. The building is fully serviced by a back-up generator, full fire suppression, multiple restrooms and dual enclosed emergency staircases.Located on a signalized hard corner, the property also offers generous parking and a large monument sign with high traffic counts (25,500 ADT - FDOT 2020). The anchor tenant, Hancock Whitney Bank has entered into a ten year lease-back on the first floor, remaining the anchor tenant of the property. The developer's renovation plan incorporates a full interior update with modern access controls, upgrade HVAC filter systems and video surveillance system. The property is professionally managed by Riviera Rental Group, an affiliate of the developer. Riviera Rental Group currently manages 365K sf of commercial space and 175 apartment units in Okaloosa, Walton, Bay & Washington counties. Interior renovations starting soon with office suite occupancy planned by EOY 2022. Please contact Gordon MacLean, CCIM or Shane Quinlan for showing instructions. Co-tenancy restrictions against financial institutions exist. Located on the Northside sub-market of Crestview, this property is directly in the "path of growth". Multiple retail businesses have moved to this area, including a Publix supermarket in very close proximity to the subject property. In addition to the retail, the subject property's close neighbors include the US Post Office, Crestview area Chamber of Commerce and the 16,500 sf Crestview Public Library. Ingress/egress is achieved at the signalized corner directly southwest of the subject property with excellent visibility from the main Hwy. 85 and the side surface roads. The Northwest Florida commercial real estate market has continued to expand throughout the last decade. Crestview, centrally located between Pensacola and Tallahassee has seen numerous drivers of growth as well. Most notably, the influx of military and support personnel associated with the Army's 7th Special Forces Group's relocation to just south of Crestview, at Duke Field. The Crestview trade area is also the only City in Okaloosa County with large tracts of raw land. Other areas like Ft. Walton, Destin and Niceville are almost completely built out and restrained from further growth due to proximity to the Gulf of Mexico, Choctaw Bay and the enormous Eglin AFB test range.

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© 2022 Emerald Coast Association of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Back Stage Realty. Vendor Member number: 28178. Data last updated: 2022-09-24T23:59:21.23.
Vendor Member #28178.
www.backstagerealty.com/homes/132988095
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1301 Industrial Drive , 2nd & 3rd Floor Crestview, FL 32539

  • Price: $49,502
  • Status: Active
  • On Site: 14 Days
  • Updated: 74 min ago
  • MLS #: 907851
0
Beds
0
Baths
0
½ Baths
1.12
Acres
19,801
SQFT
$2
$/SQFT
2006
Built
Neighborhood:
Crestview Area
County:
Okaloosa
Area:
Crestview Area
Property Description
One of only a handful of Class 'A' office buildings in the Okaloosa/Walton County market. Purpose built in 2006 for a regional bank headquarters, this three story steel frame and stone structure commands immediate presence. Massive columns and in-laid brick exterior show the building's Southern roots, while floor to ceiling glass windows and metal roofing system lean towards a modern appeal. This property provides a very unique opportunity to occupy generous interiors providing local professionals a marquee office location. Further, the Landlord has budgeted up to $40/sf in Tenant Improvement Allowance to renovate the common areas and office suites. The building is fully serviced by a back-up generator, full fire suppression, multiple restrooms and dual enclosed emergency staircases.Located on a signalized hard corner, the property also offers generous parking and a large monument sign with high traffic counts (25,500 ADT - FDOT 2020). The anchor tenant, Hancock Whitney Bank has entered into a ten year lease-back on the first floor, remaining the anchor tenant of the property. The developer's renovation plan incorporates a full interior update with modern access controls, upgrade HVAC filter systems and video surveillance system. The property is professionally managed by Riviera Rental Group, an affiliate of the developer. Riviera Rental Group currently manages 365K sf of commercial space and 175 apartment units in Okaloosa, Walton, Bay & Washington counties. Interior renovations starting soon with office suite occupancy planned by EOY 2022. Please contact Gordon MacLean, CCIM or Shane Quinlan for showing instructions. Co-tenancy restrictions against financial institutions exist. Located on the Northside sub-market of Crestview, this property is directly in the "path of growth". Multiple retail businesses have moved to this area, including a Publix supermarket in very close proximity to the subject property. In addition to the retail, the subject property's close neighbors include the US Post Office, Crestview area Chamber of Commerce and the 16,500 sf Crestview Public Library. Ingress/egress is achieved at the signalized corner directly southwest of the subject property with excellent visibility from the main Hwy. 85 and the side surface roads. The Northwest Florida commercial real estate market has continued to expand throughout the last decade. Crestview, centrally located between Pensacola and Tallahassee has seen numerous drivers of growth as well. Most notably, the influx of military and support personnel associated with the Army's 7th Special Forces Group's relocation to just south of Crestview, at Duke Field. The Crestview trade area is also the only City in Okaloosa County with large tracts of raw land. Other areas like Ft. Walton, Destin and Niceville are almost completely built out and restrained from further growth due to proximity to the Gulf of Mexico, Choctaw Bay and the enormous Eglin AFB test range.
Property Features

Availability Date 2023-01-06 New Construction YN No Property Class Commercial Property Condition Under ConstructionExisting Property Sub Type Professional/Office Zoning Commercial

Listing courtesy of Riviera Realty Group Llc: (888) 240-0499.


© 2022 Emerald Coast Association of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Back Stage Realty. Vendor Member number: 28178. Data last updated: 2022-09-24T23:59:21.23.
Vendor Member #28178.
 
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