4010 Commons Dr W - Office CONDO FOR SALE


Destin, FL 32541
$525,000 USD
239-860-7595
4010 Commons Dr W, Destin, FL for Sale
$525,000 USD
Office CONDO - FOR SALE
1/42
null | 6.67% Cap Rate

4010 Commons Dr W
Destin, FL 32541


HIGHLIGHTS

  • Tenant in place since Feb 2022
  • New 5-year lease 12/1/2024
  • NNN lease

OVERVIEW

A bite-sized investment opportunity with a tenant that has been in place since February of 2022 and just signed a new 5-year lease effective December 1, 2024. 2500 sf flex condo. Lease is NNN with 3% annual base rent increases. HVAC system was replaced in October of 2024 and Tenant is responsible for the first $500 of repairs annually. Please do not disturb tenant, Seaside Premium Cabinets. Tenant website is www.seasidepremiumcabs.com See copy of lease under 'Data Room' tab.

FOR SALE DETAILS

PRICE

$525,000 USD

PRICE/SF

$210 USD /SF

CAP RATE

6.67%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

27,326 SF

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

75

LAND DETAILS

LAND ACRES

2.16 AC

LAND SF

94,133 SF

ZONING

-

APN/PARCEL ID

00-2S-22-0000-0001-A13W

ASK ABOUT THIS PROPERTY

Ed BoederSWFL Properties LLCMore Info
239-860-7595

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Ed BoederSWFL Properties LLCMore Info
239-860-7595

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