Description
Income-Producing Office Asset | Strong Cash Flow | Dual-Tenant Opportunity This newer 5,500 SF multi-tenant office building presents a compelling investment opportunity with stable in-place income and upside potential. The property is divided into two suites: Suite A (3,000 SF): Leased at $6,250/month Suite B (2,500 SF): Leased at $4,375/month Total Gross Monthly Income: $10,625 Total Gross Annual Income: $127,500 Additional income potential is provided by four 10x10 storage units, offering an opportunity to further increase NOI. The interior buildout supports a wide range of tenants and includes: 6 private offices (8x12) 9 private offices (6x8) Glass conference room Efficient layout suited for medical, professional services, or executive office use Currently occupied by a health s Currently occupied by a health services tenant, the configuration allows for continued medical use or easy conversion to general office, maximizing tenant demand and retention. Investment Highlights: Immediate cash flow with existing leases in place Multi-tenant diversification reduces vacancy risk Flexible office layout supports a broad tenant base Additional income stream from storage units Newer construction minimizes near-term capital expenditures Pro Forma Opportunity: With modest rent increases and full utilization of storage units, investors have the ability to increase NOI and drive cap rate expansion over time. Ideal for investors seeking a stabilized asset with upside in a growing professional services market.
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School Ratings & Info
Description
Income-Producing Office Asset | Strong Cash Flow | Dual-Tenant Opportunity This newer 5,500 SF multi-tenant office building presents a compelling investment opportunity with stable in-place income and upside potential. The property is divided into two suites: Suite A (3,000 SF): Leased at $6,250/month Suite B (2,500 SF): Leased at $4,375/month Total Gross Monthly Income: $10,625 Total Gross Annual Income: $127,500 Additional income potential is provided by four 10x10 storage units, offering an opportunity to further increase NOI. The interior buildout supports a wide range of tenants and includes: 6 private offices (8x12) 9 private offices (6x8) Glass conference room Efficient layout suited for medical, professional services, or executive office use Currently occupied by a health s Currently occupied by a health services tenant, the configuration allows for continued medical use or easy conversion to general office, maximizing tenant demand and retention. Investment Highlights: Immediate cash flow with existing leases in place Multi-tenant diversification reduces vacancy risk Flexible office layout supports a broad tenant base Additional income stream from storage units Newer construction minimizes near-term capital expenditures Pro Forma Opportunity: With modest rent increases and full utilization of storage units, investors have the ability to increase NOI and drive cap rate expansion over time. Ideal for investors seeking a stabilized asset with upside in a growing professional services market.
© 2026 Emerald Coast Association of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Coastal Connection at eXp Realty. Vendor Member number: 28178. Data last updated: 2026-04-14T00:00:41.453.
Vendor Member #28178.