185 Stahlman Ave, Destin, FL 32541

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Building Details:

• Year Built: 1998

185 Stahlman Ave is located in Destin, FL.

185 Stahlman Avenue is a multi tenant investment property available at a 9.2% cap rate. The property is comprised of 2 suites for a combined square footage of 9,160 and is situated on 1.13 acres.

Suite A is a 4,060 SF ofMce/warehouse building currently leased to Windstream Communications (NASDAQ Symbol : WIN). This telecommunication company uses the property to store its servers that supply internet, telephone, and cloud computing services to the Florida Gulf Coast. Suite A was built in 1998 and has 3 private ofMces, open work space, 2 server rooms, breakroom, and warehouse space with 1 dock high. Windstream began its lease in 2006 and signed an extension in 2015 taking the lease to June 30, 2031. The lease is NN with limited landlord responsibilities.

Suite B is a 5,100 ofMce building with a fenced yard leased to a local marketing Mrm named "Info Depot". The tenant specializes in marketing local companies to tourists coming to visit the Gulf Coast beaches. The tenant of Suite B is on a Modified Gross lease. Suite B was built in 1986 and is 100% office.