Beck Partners is proud to present, as exclusive agents, this Value-Add GSA leased investment property with 8.5 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 a 8,000 SF building constructed in 2003. Upside potential exist with the opportunity to lease a vacant 1,730 SF space in the building.
– 7% Going In CAP with Value Add Opportunity
– 2027 Lease Expiration with stable GSA backed Lease
– Long Term Commitment with high likelihood of renewal
– Strong Agricultural Area with high demand for services.