320-370 W Redstone Ave, Crestview, FL 32536

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List Price
$5,900,000
Status
ACTIVE
Days on Market
30
MLS#
1013035
Subtype
Commercial Sale
Foreclosure
Yes
Lot Size
85,813
Acres
1.97
Neighborhood
Crestview Southwest
MLS Area Major
Crestview Area

Property Description

100% OCCUPIED MEDICAL OFFICE INVESTMENT | LONG-TERM TENANTS | POSITIVE CASH FLOW Exceptional opportunity to acquire a fully occupied, income-producing medical office complex in the growing Crestview market. This approximately 15,000-square-foot commercial medical property consists of three approximately 5,000-square-foot suites with established healthcare-related tenants and long-term lease commitments. Income is in place from day one. The property offers positive monthly cash flow, a triple-net lease structure, contractual rental income, and limited landlord operating responsibilities--an attractive combination for investors seeking a stabilized commercial real estate asset without the uncertainty and expense associated with lease-up. Strategically located less than one mile from the local hospital with convenient access to I-10 and major Crestview corridors, the complex is positioned within a growing Northwest Florida market. INVESTMENT HIGHLIGHTS: 100% occupancy " Long-term tenants " Approximately 15,000 SF " Three approximately 5,000 SF suites " NNN lease structure " Positive monthly cash flow " Contractual rent growth " Minimal landlord responsibilities " Well-maintained property " No known significant deferred capital expenditures " Excellent hospital and I-10 proximity. This is an opportunity to acquire more than commercial real estate -it is an established income-producing investment with tenants, leases, and cash flow already in place.

Additional Information

Zoning
Professional

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Listing courtesy of ERA American Real Estate.

Vendor Member Number : 28166