5660 Gulf Breeze Parkway, Gulf Breeze, FL 32563 (MLS# 897511)

GCCMLS Number: 30801030

Listing Board: Emerald Coast

List Date: 2022-05-03

List Price: $5,150,000

Sub Area: 1106 - Midway/Tiger Point

Property Name: Midway Plaza Investment Sale

Legal Description: In File

Listed on GCCMLS: Yes

Description: Midway Plaza Multi Tenant Sale

Property Information: First Time Ever Offered on the market by the original owner/developer. This is an extremely well maintained 4 building asset that is built out to house office, retail and warehouse tenants. The tenants have been carefully qualified over the years and there is a great tenant mix of shops and a real vibrancy to the center. The property is 100% occupied and the center enjoys great exposure on HWY 98

Vacant: No

Immediate Occupancy: No

Lot Depth: 482

Zoning: M1

Lot Frontage: 470

Acreage: 4.64

As Is: No

Remarks: Investment Opportunity- This is the first time to market for this well maintained professionally managed center by the original owner/developer. Extremely well maintained asset has been properly managed through the years with a fantastic mix of qualified long-term tenants in place. Projected NOI for 2022 is $357,823. 18

Income Producing: 1

Other: 1

Existing: 1

Year Built: 2002

Price P/SqFt: 96.7

Property Type: Other (See Remarks)

Year Built: 2002

Building SqFt: 53256

Vacancy Rate: 0

Net Operating Income: 357823

Cap Rate: 6.95

# of Units: 20

Current Price: $4,608,277

Status: Sold

Under Contract Date: 2022-05-12

Sold Date: 2022-08-01

Sold Price: $4,608,277

Area: 11 - Navarre/Gulf Breeze

Street #: 5660

Street Name: Gulf Breeze

Street Suffix: Parkway

State: FL

Zip Code: 32563

County: Santa Rosa

Parcel ID: 19-2S-27-0000-02300-0000