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  • Price$5,500,000
  • SQ. Feet13,504
  • Acres0.31

6 11th Avenue, Shalimar

Shalimar Town Center encompasses a total area of 39,000+ square feet, maintaining a 100% lease occupancy and generating consistent income. With an impressive cap rate projection of 7%, the structure seamlessly integrates six buildings into a cohesive professional office center.Tenant highlights include full occupancy, with the exception of one space currently utilized as a maintenance staff office. The diverse tenant mix ensures stability and reliability in income generation.Strategically situated in Shalimar, FL, the prime real estate location is in close proximity to key destinations, including the Destin-Fort Walton Beach Airport (10 minutes), the vibrant city of Destin (14 miles), Eglin Air Force Base (5 miles), and Hurlburt Field Air Force Base (6 miles).

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Essential Information

  • MLS® #939656
  • Price$5,500,000
  • Sold Price$4,600,000
  • Square Footage13,504
  • Acres0.31
  • TypeCommercial Sales
  • StatusSold

Additional Information

  • Days on Website212
  • Date Sold2024-04-04

Community Information

  • Address6 11th Avenue
  • Area12 - Fort Walton Beach
  • CityShalimar
  • CountyOkaloosa
  • StateFL
  • Zip Code32579

Listing Details

  • Listing OfficeLPT Realty LLC
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