For Sale
$8,466,000

Mc Davis Blvd Santa Rosa Beach, FL 32459

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

Overview

Added:
Dec 11, 2024
Days on market:
135
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

FAQs

What type of property is this?
Office property - Class A Office, 18,000 SF, 100% Occupied
Where is the office property located?
The property is located at Mc Davis Blvd Santa Rosa Beach, FL.
What is the asking price?
The asking price for this property is $8,466,000.
What are key features of this property?
This property features: 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.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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0 Mc Davis Blvd
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