124 John King Rd, Crestview, FL 32539

Property Description

Income-Producing Office Asset | Strong Cash Flow | Dual-Tenant Opportunity This newer 5,500 SF multi-tenant office building presents a compelling investment opportunity with stable in-place income and upside potential. The property is divided into two suites: Suite A (3,000 SF): Leased at $6,250/month Suite B (2,500 SF): Leased at $4,375/month Total Gross Monthly Income: $10,625 Total Gross Annual Income: $127,500 Additional income potential is provided by four 10x10 storage units, offering an opportunity to further increase NOI. The interior buildout supports a wide range of tenants and includes: 6 private offices (8x12) 9 private offices (6x8) Glass conference room Efficient layout suited for medical, professional services, or executive office use Currently occupied by a health s Currently occupied by a health services tenant, the configuration allows for continued medical use or easy conversion to general office, maximizing tenant demand and retention. Investment Highlights: Immediate cash flow with existing leases in place Multi-tenant diversification reduces vacancy risk Flexible office layout supports a broad tenant base Additional income stream from storage units Newer construction minimizes near-term capital expenditures Pro Forma Opportunity: With modest rent increases and full utilization of storage units, investors have the ability to increase NOI and drive cap rate expansion over time. Ideal for investors seeking a stabilized asset with upside in a growing professional services market.