106 Hill Ave NW - Distribution FOR SALE


Fort Walton Beach, FL 32548
$1,850,000 USD
202-420-7778
106 Hill Ave NW, Fort Walton Beach, FL for Sale
$1,850,000 USD
Distribution - FOR SALE
1/2
null | 4.73% Cap Rate

106 Hill Ave NW
Fort Walton Beach, FL 32548


HIGHLIGHTS

  • Located near public transportation.

OVERVIEW

Fully leased to FedEx!! NAI KLNB & NAI Mertz, as the exclusive representative for the owner, is pleased to present the sale offering of the property known as 104 & 106 Hill Avenue. 104 Hill Ave is a vacant parcel and 106 Hill Ave is currently utilized as a FedEx shipping center, with the lease in place from January 30, 2004, to January 31, 2029. It encompasses 13,360 square feet on 1.38 acres. The building features brick and metal panel construction and is equipped with 22 parking spaces, including one designated for handicap access. The facility includes four drive-through bays and eight drive-in bays, all located on the left side of the building. The structure is approximately 51 feet deep and 35 feet wide, with a central ceiling height of 19 feet. It has 14-foot clear doors, as well as 12 x 14-foot clear doors. Additionally, there is a 10-foot elevated cement middle and four loading dock bays at the rear of the property, accommodating 28 truck go-throughs. The office area comprises four private offices, a client counter, a lunchroom, a dispatch office measuring 22 x 10 feet, an open area of 16 x 20 feet, an 18 x 18-foot customer counter area, and a 10 x 14-foot large box storage area. The men’s restroom has two urinals and one toilet, while the ladies’ restroom has two toilets. The building is equipped with 200-plus amp power. The current tenant, FedEx, plans to vacate the premises on July 25, 2024.

FOR SALE DETAILS

PRICE

$1,850,000 USD

PRICE/SF

$138 USD /SF

CAP RATE

4.73%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

FedEx

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1987

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

8

PARKING SPACES

35

LAND DETAILS

LAND ACRES

2.98

LAND SF

129,889

ZONING

-

APN/PARCEL ID

08-2S-24-0000-0002-0080,08-2S-24-0000-0002-0110

ASK ABOUT THIS PROPERTY

Harry DematatisNAI KLNBMore Info
202-420-7778

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Harry DematatisNAI KLNBMore Info
202-420-7778

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.