6 11th Avenue, Shalimar

$5,500,000

0 Bed
0 Bath
13,504 Sqft
.31 Acre
0 Garage

Shalimar Town Center encompasses a total area of 39,000+ square feet, maintaining a 100% lease occupancy and generating consistent income. With an impressive cap rate projection of 7%, the structure seamlessly integrates six buildings into a cohesive professional office center.Tenant highlights include full occupancy, with the exception of one space currently utilized as a maintenance staff office. The diverse tenant mix ensures stability and reliability in income generation.Strategically situated in Shalimar, FL, the prime real estate location is in close proximity to key destinations, including the Destin-Fort Walton Beach Airport (10 minutes), the vibrant city of Destin (14 miles), Eglin Air Force Base (5 miles), and Hurlburt Field Air Force Base (6 miles).

Essential Information
MLS® #939656
Price$5,500,000
Sold Price$4,600,000
Date Sold$2024-04-04
Square Footage13,504
Acres0.31
TypeCommercial Sales
StatusSold
Community Information
Address6 11th Avenue
Area12 - Fort Walton Beach
CityShalimar
CountyOkaloosa
StateFL
Zip Code32579
Additional Information
Days on Website131
Listing Details
OfficeLPT Realty LLC
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Listing information last updated on May 19th, 2024 at 5:03am CDT.