4635 Gulfstarr Dr - Medical FOR SALE


Destin, FL 32541
$4,224,000 USD
850-499-6930
4635 Gulfstarr Dr, Destin, FL for Sale
$4,224,000 USD
Medical - FOR SALE
1/96
null | 5.6% Cap Rate

4635 Gulfstarr Dr
Destin, FL 32541


HIGHLIGHTS

  • 15,000 square foot medical office property within close proximity to Mid-Bay Bridge and Destin Commons.
  • High visibility and accessibility: passed by 51,600 daily drivers and accessible via Hwy 98.
  • Population that resides within 1-mile radius is expected to grow by 12 % between '24-'29: median household income for this population equals $118,400.

OVERVIEW

Attention investors: 5.6% cap rate on this 2 story class A, fully leased medical or professional office building located in the heart of Destin! Its prime corner location w/a traffic light, provides easy accessibility & significant visibility from the 60,000+ vehicles passing daily along Hwy 98. The corner site also contains a highly visible large marquee sign. Strategically located less than a mile from The Destin Commons, Whole Foods, restaurants & businesses, this professional Office building is fully leased & generates $347,884 annual income. High quality finishes & architectural appeal accent 15,000+ SF Class A office space. The month to month Tenant could vacate if Buyer wants to occupy. Inquire for further details & to schedule a private showing.

FOR SALE DETAILS

PRICE

$4,224,000 USD

PRICE/SF

$282 USD /SF

CAP RATE

5.6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Commons @ Crystal Beach

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

77

LAND DETAILS

LAND ACRES

1.1 AC

LAND SF

47,916 SF

ZONING

RT

APN/PARCEL ID

00-2S-22-2380-0000-0010,00-2S-22-2380-0000-0020

ASK ABOUT THIS PROPERTY

Karen MartineauRE/MAX Coastal PropertiesMore Info
850-499-6930

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Karen MartineauRE/MAX Coastal PropertiesMore Info
850-499-6930

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