Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
2006
Sq.Footage
N/A
One of only a handful of Class ''A'' office buildings in the Okaloosa/Walton County market. Purpose built in 2006 for a regional bank headquarters, this three story steel frame and stone structure commands immediate presence. Massive columns and in-laid brick exterior show the building's Southern roots, while floor to ceiling glass windows and metal roofing system lean towards a modern appeal. This property provides a very unique opportunity to occupy generous interiors providing local professionals a marquee office location. Further, the Landlord has budgeted up to $40/sf in Tenant Improvement Allowance to renovate the common areas and office suites. The building is fully serviced by a back-up generator, full fire suppression, multiple restrooms and dual enclosed emergency staircases. Located on a signalized hard corner, the property also offers generous parking and a large monument sign with high traffic counts (25,500 ADT - FDOT 2020). The anchor tenant, Hancock Whitney Bank has entered into a ten year lease-back on the first floor, remaining the anchor tenant of the property. The developer's renovation plan incorporates a full interior update with modern access controls, upgrade HVAC filter systems and video surveillance system. The property is professionally managed by Riviera Rental Group, an affiliate of the owner. Riviera Rental Group currently manages 365K sf of commercial space and 175 apartment units in Okaloosa, Walton, Bay & Washington counties. Site Description: Located on the Northside sub-market of Crestview, this property is directly in the "path of growth". Multiple retail businesses have moved to this area, including a Publix supermarket is in very close proximity to the subject property. In addition to the retail, the subject property's close neighbors include the US Post Office, Crestview area Chamber of Commerce and the 16,500 sf Crestview Public Library. Ingress/egress is achieved at the signalized corner directly southwest of the subject property with excellent visibility from the main Hwy. 85 and the side surface roads. Area Description: The Northwest Florida commercial real estate market has continued to expand throughout the last decade. Crestview, centrally located between Pensacola and Tallahassee has seen numerous drivers of growth as well. Most notably, the influx of military and support personnel associated with the Army's 7th Special Forces Group's relocation to just south of Crestview, at Duke Field. The Crestview trade area is also the only City in Okaloosa County with large tracts of raw land. Other areas like Ft. Walton, Destin and Niceville are almost completely built out and restrained from further growth due to proximity to the Gulf of Mexico, Choctaw Bay and the enormous Eglin AFB test range.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Brick, Brick Veneer
-
Parking
Paved
-
Pool
No
Area & Lot
-
Property Type
Commercial Lease
Price
-
Sales Price
$20
-
Zoning
Office/Prof
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
Ruckel
-
High School
Crestview
Property Features
-
Stories
3
-
Accessibility Features
Accessible Electrical and Environmental Controls, Standby Generator, Reinforced Floors, Accessible Entrance
Schedule a Showing
Showing scheduled successfully.
Mortgage calculator
Estimate your monthly mortgage payment, including the principal and interest, property taxes, and HOA. Adjust the values to generate a more accurate rate.
Your payment
Principal and Interest:
$
Property taxes:
$
HOA fees:
$
Total loan payment:
$
Total interest amount:
$
Location
County
Okaloosa
Elementary School
Middle School
Ruckel
High School
Crestview
Listing Courtesy of Shane D Quinlan , SVN Riviera Commercial
RealHub Information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. RealHub website owner shall not be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
* Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request.© 2024 FMLS.