28 Perry Ave, Fort Walton Beach, FL 32548
3,727 SF | Office Building | Fort Walton Beach, FL 32548 | $745,000 ($200/SF) | 7.01% Cap Rate
For Sale
Active
Asking Price $745,000
- Property Type
-
Office
- Square Feet
- 3,727 SF
- Price / Square Foot
- $200
Listing Contacts
Brett Stuart
Property Overview
28 Perry Avenue is home to the Hanger Clinic. This unique medical user specializes in Prosthetics and Orthotics and has been in this location since 1997. This freestanding 3432 SF building is occupied by a national company that has over 900 locations. The medical office is a brick, single story facility with a standing seam metal roof, efficient layout consisting of reception area, 5 exam rooms, 3 restrooms, kitchen area and light manufacturing area. The long standing tenant has an existing lease that currently runs thru April 30, 2027 with 2 additional option terms thereafter. The current Net Operating Income is $52,193 and is being offered at a 7% CAP rate.
Property Details
- Class
- B
- Year Built/Renovated
- 1986/1996
- Stories
- 1
- Property Subtype
- Medical
- Lot Size (sq. ft)
- 19,602 SF
Highlights
- Long standing national tenant with 30-year track record
- Freestanding all-brick building with a durable metal roof
- Attractive 7% CAP Rate offering price
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