Office Space Available Listing Details & Market Data

Fort Walton Beach is located between Pensacola and Panama City. The Property's trade area is largely characterized by military personnel from Eglin Air Force Base and Hurlburt Field. Eglin Air Force Base covers over 463,000 acres and employs more than 8,500 military and approximately 4,500 civilians. Hurlburt Field has 10,782 active duty military personnel and 1,316 civilian employees. These combine to create a very stable employment base for the trade area, making it highly desirable. The new projects and infrastructure improvements within the Fort Walton Beach MSA have drawn private development to the city, creating new jobs and a booming economy. With the stable economy, Northwest Florida College, the largest U.S. air force base globally, strong tourism market, low state taxes, highly-rated school systems, and beautiful beaches, Okaloosa County, Florida has become a highly sought after MSA and community to reside and popular tourist destination.Excellent absolute NNN office investment opportunity in a income tax free state. The Tenant, TSA Consulting Group, Inc., is operating on an 10-year lease with +/-2 years remaining on the initial term of the lease. The tenant is currently paying $81,171/year with 3% annual bumps during the initial term and option terms of the lease. The tenant has 3 x 5-year renewal options remaining. The property is situated on .35 acres in the heart of Fort Walton Beach and is located in the core retail trade area for the market. Adjacent to the property an additional building leased by the same tenant which is also available. The properties share a parking lot which is used by TSA Consulting. The properties can be purchased as a portfolio sale consisting of 3 properties with the same lease terms or each property can be purchase individually. The property is within minutes to numerous national retailers, restaurants, and other businesses which include Ross Dress For Less, Ulta, Five Below, West Marine, Winn-Dixie, Party City, Buffalo Wild Wings, Five Guys, Starbucks, Firehouse Subs, and many more.Freestanding office building available for lease in the heart of Fort Walton Beach, FL. The +/-3,825 SF building is situated on +/-.35 acres and would be an ideal location for an office or medical user. The property has easy access, good visibility, pylon signage, and shares a parking lot with the adjacent building. Located along Ferry Rd & Perry Ave, the site experiences a combined 24,600 VPD and is minutes from Eglin Pkwy (50,800 VPD), the main thoroughfare. The property is within 2 miles of Okaloosa Island and the 300,000 SF shopping center Uptown Station. National retailers and restaurants nearby include Publix, West Marine, Winn-Dixie, Party City, Ulta, Five Below, Ross Dress For Less, Whataburger, Starbucks, Five Guys, Buffalo Wild Wings, Firehouse Subs, and many more.