For Sale
$8,466,000

0 Mc Davis BlvdSanta Rosa Beach, FL 32459

Class A Office, 18,000 SF, 100% Occupied

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional Class A office building, totaling 18,000 square feet, is situated on a 1.2-acre lot in Santa Rosa Beach, Florida (Walton County, zip code 32459). Built in 2020, this three-story building boasts a 100% occupancy rate with credit-rated tenants, ensuring a stable investment. The property features modern amenities including an elevator, a state-of-the-art conference room with video conferencing capabilities, high-speed internet, and a full-service kitchen. The building offers a mix of executive suites and long-term leases, providing diversified income streams. Its convenient location near Scenic Highway 30A in one of Florida's fastest-growing counties, coupled with the limited supply of Class A office space, ensures high demand and potential for rental growth. The property includes secure electronic access control with 24-hour tenant access. The asking price is $8,466,000, with a price per square foot of $470.33. The property's APN is 05-3S-18-16000-001-0024 and is zoned for General Commercial use. Approximately 9,200 square feet is dedicated to executive suites. High-end finishes minimize future capital expenditures associated with re-tenanting and lease rollovers. The opportunity exists to assume below-market debt with ten years remaining on the term.

Highlights

  • Walton County, FL location in a high-growth area.
  • Strong demand for modern office space due to population influx.
  • Limited Class A office inventory creates high demand and rent growth potential.
  • Comparable properties show strong demand and rental rate upside.
  • Below-market rents offer significant rental growth opportunity.
  • Executive suite management provides additional operational upside.

Property Details for 0 Mc Davis Blvd

Property type
Office properties
Square Feet
18,000 SF
Class
A
Year Built
2020
Buildings
1
Stories
3
Lot Size (sq. ft)
52,272 SF

Location Insight

City
Santa Rosa Beach
County
Walton
State
Florida
Latitude
30.3490433
Longitude
-86.0742019
Mc Davis Blvd, Santa Rosa Beach, Florida

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0 Mc Davis Blvd
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