Office Space For Lease @ 3070 Adora Teal Way

Beck Partners is proud to present, as exclusive agents, this Value-Add GSA leased investment property with 6.5 years remaining located in Crestview Florida. The Tenant, USDA occupies 6,270 SF of space which is utilized as an area office for the U.S. Department of Agriculture. This location is home to the Okaloosa County, FL Farm Service Agency, Natural Resources Conservation Service, Rural Development Office, and the Yellow River Soil and Water Conservation District.

The property's strategic location within the Bob Sikes Industrial Park provides an ideal location in the epicenter of Okaloosa County's core agricultural areas. The property sits on 2 acres (additional land is available for purchase separately), and the 8,000 SF building which was constructed in 2003 was completely remodeled in 2017. Upside potential exist with the opportunity to lease a vacant 1,730 SF space in the building.

Note: effective November 1, 2022 through October 31, 2027, the GSA tenant's lease will decrease from an annual rent of $192,363.60 payable at the rate of $16,030.30/month to annual rent of $155,433.30 at the rate of $12,952.77/month (representing 6,270 net rentable square feet at $24.79/square foot) in arrears. This space offers accomodations for: office building.